Former Rio Tinto’s head of iron ore business in China, Stern Hu, has been released Wednesday after spending nearly nine years in prison in Shanghai, following a 2010 conviction for corruption and industrial espionage.
The Australian citizen and three of his Chinese colleagues were arrested in 2009 during contentious iron-ore contract talks between top Aussie miner and the steel industry in China.
The following year, they were convicted of accepting bribes totalling about A$14 million and stealing trade secrets. Fired by Rio Tinto in the aftermath, Hu is expected to return to Australia this week, the Australian Broadcasting Corporation reported.
Hu was originally sentenced to 10 years in prison, but his time was reduced for good behaviour by the Shanghai No. 1 Intermediate People's Court and consequently released more than a year early.
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