HONG KONG (MarketWatch) -- Rio Tinto /quotes/comstock/22x!e:rio (AU:RIO 78.39, +0.07, +0.09%) /quotes/comstock/13*!rtp/quotes/nls/rtp (RTP 231.11, +4.95, +2.19%) said Monday that in accordance with its company policies, it will terminate the employment of the four Shanghai-based employees convicted of bribery and spying charges, saying in a statement the evidence it had reviewed in relation to the bribery charges pointed to "deplorable" conduct that was "at odds" with its ethical culture. "We have been informed of the clear evidence presented in court that showed beyond doubt that the four convicted employees had accepted bribes," Sam Walsh, the miner's chief executive, said in the statement. Rio said it was unable to comment on charges of obtaining commercial secrets, as it had not had the opportunity to consider the evidence in this part of the case.
By Chris Oliver
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