Rio Tinto (ASX:RIO) police probe

Company News


China’s police investigation of four Rio Tinto (ASX:RIO)Group executives, including Australian Stern Hu, is scheduled to be completed next week, that’s according to the Australian government and lawyers linked to the men.

Hu, head of Rio’s iron ore business in China, and three Chinese colleagues were arrested in August for allegedly stealing secrets related to the steel industry. The arrest has strained ties between Australia and China.

The investigation period is due to be completed on January 11, whilst the trial is expected to take place no later than March 11 provided there are no further delays.

Rio Tinto’s achieved a 2008 net profit of $5.3 billion.

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