(Xinhua) 14:27, December 27, 2023 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. |
China sees fruitful outcomes in international space cooperationOlivier Awards 2024: Sarah Snook stuns in a black velvet dress ahead of Best Actress win for her oneSmart robot designed to repair urban sewage pipelinesScientists develop fully integrated memristor chip with low energy consumptionCandidates from Hong Kong, Macao shortlisted for China's new taikonaut selectionIntelligent semiChina ranks second in world in terms of computing powerXi Jinping meets Ma YingGene Herrick, AP photographer who covered the Korean War and civil rights, dies at 97Lithuania's Mykolas Alekna breaks discus throw record that stood since 1986