All their illegal earnings should be recovered, the court ruled.
The intermediate court found that Hu took bribes of 6.46 million yuan, and Wang took bribes of 75.14 million yuan. Bribes taken by Ge were 6.94 million yuan, and those by Liu 3.78 million yuan.
The court verdict said that from 2003 to 2009, the four used improper means to acquire commercial secrets from Chinese steel companies. The information they obtained was used to jack up the prices that China paid for iron ore imports.
According to the intermediate court, last year more than 20 Chinese steelmakers paid extra advances totaling 1.02 billion yuan for their iron ore imports because of the crimes committed by the four.