Rio Tinto Executive Admits to Accepting Bribes

22 March 2010 (Last Updated March 22nd, 2010 18:30)

In his second day on trial for corruption, Australian Rio Tinto executive Stern Hu has admitted to receiving bribes during his role as chief iron ore negotiator in China. Hu is one of four executives being trialled today who, if found guilty, could face a sentence of 20 years. Hu

In his second day on trial for corruption, Australian Rio Tinto executive Stern Hu has admitted to receiving bribes during his role as chief iron ore negotiator in China.

Hu is one of four executives being trialled today who, if found guilty, could face a sentence of 20 years.

Hu and his colleagues, however, dispute the alleged amounts given as bribes in a case which has brought Chinese business culture, and its treatment of foreign companies, under the spotlight.

The trail has now moved behind closed doors, sparking protests from Australia.

The court sessions were attended by Australia's consul-general Tom Connor who said Hu made no comment in court.

Hu was Rio Tinto's lead negotiator in talks with Chinese steel mills to try and settle a price for China to buy iron ore from Australian mining companies.