Rio Tinto case is reminder to keep watchful eye

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clpstaff &clp articles

In addition to tightening internal control policies, international companies need to be aware of which of their Chinese executives are most exposed to…

In addition to tightening internal control policies, international companies need to be aware of which of their Chinese executives are most exposed to corruption and likely to bring risk to the company.

    On March 29 2010, the Shanghai No. 1 Intermediate People's Court handed down its verdict to four defendants in the Rio Tinto corruption case. All were found guilty on charges of bribery and stealing commercial secrets, and sentenced to jail terms ranging from seven to 14 years.

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