The Blog that follows Global Economics, Finance and the Laws and Regulations that govern global markets. By Zach Bell
Monday, March 22, 2010
Stern Hu v The Peoples Republic of China
Sterm Hu, the Rio Tinto Executive and Australian citizen who was arrested by Chinese Police, last year and has been detained for 9 months, is facing his first day of Trial this morning. The Chinese authorities charged Stern Hu, just after the Chinese Government failed in their takeover attempt for Rio Tinto. The Chinese Authorites allege that Stern Hu has "stollen business secrets" and has been a "recipient to bribes". He is facing up to 12 years imprisonment. Stern Hu's trial began this morning and is proving to be a most untransparent process. Due to the fact that the media has already been warned by Chinese authorities not to cover the trial, and Australian consular officials have been barred from taking part. The only upside to this great injustice is that China's unsavoury approach to the Judicial Process will be put up on a pedistoll for all of the World to see and it shall prove to the world once and foreall that no company is big enough and no Western National is shrewed enough to avoid the Great Tenticles of China.
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