Thursday, April 1, 2010

Under the Bus

By Danny Fontana

"Rio Tinto, the Australian mining company, shamed itself by firing its top iron salesman to China along with three former Chinese colleagues moments after they were convicted by a Chinese court for bribery. Whether or not the men were guilty begs the question. The Chinese court system, long known, for being kangaroo like, did not disappoint in the severity of the punishment. Here’s what bothers me. Within hours of the men being sentenced, Tom Albanese, chief executive of the Anglo-Australian miner, said the case would not jeopardize relations with China, the group’s biggest customer. No kidding. Anything to keep the orders flowing.

Meanwhile, the Australian government criticized both the sentences and the Chinese judicial process. The sentences, which included 10 years in prison for the Australian citizen, Mr Hu, are tough by any measure. Australia also rebuked China for closing the commercial secrets part of the trial saying that the move had left, “serious unanswered questions.”"

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