Former CSIC chairman sentenced to 13 years in jail for bribery, abuse of power
SHANGHAI, Dec. 26 (Xinhua) -- A Chinese court on Tuesday sentenced Hu Wenming, former chairman of China Shipbuilding Industry Company Limited (CSIC), to 13 years in prison for bribery and abuse of power.
Hu was also fined 5 million yuan and had all of his illegal gains from bribery recovered and turned over to the state treasury, according to the verdict of the First Intermediate People's Court of Shanghai.
He was found guilty of taking advantage of his former positions at state-owned enterprises between 2001 and 2020 to help relevant organizations and individuals in project contracting, business cooperation, asset acquisition, personnel promotion and deposits collection, the court ruling stated. Hu took money and valuables worth over 59.86 million yuan (about 8.43 million U.S. dollars) in return.
Between 2013 and 2015 he also abused his power as CSIC chairman in a restructuring project of a CSIC subsidiary and caused huge losses to national interests, the court said.
Related articles
China nurtures unicorn enterprises via sci
BEIJING, May 2 (Xinhua) -- With the steady improvement of China's overall strength in sci-tech innov2024-05-07Olympic champion Suni Lee back in form after debilitating kidney ailment
Olympic gymnastics all-around champion Suni Lee revealed that at the height of dealing with a kidney2024-05-07Jontay Porter banned from NBA after gambling probe
Toronto Raptors player Jontay Porter was banned for life from the NBA on Wednesday after a league pr2024-05-07Lab chief faces sentencing in Michigan 12 years after fatal US meningitis outbreak
HOWELL, Mich. (AP) — Days after a routine injection to ease back pain, Donna Kruzich and a friend dr2024-05-07Spurs' Victor Wembanyama named NBA Rookie of the Year
Victor Wembanyama had a year like no rookie in NBA history.Others scored more points, others grabbed2024-05-07Edmunds: Avoid these 3 mistakes when buying a used car sight unseen
It’s easier than ever before to buy a used vehicle online. Unfortunately, that also means it’s easie2024-05-07
atest comment