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.
Company wins court ruling to continue development of Michigan factory serving EV industry
Leading by example, Hangzhou Asiad showcases common dreams and unity despite differences
Working Hard During Golden Time
Ben Whishaw lights up the Croisette as he joins his co
Pluck and Moxie! Trailblazer Dedicated to Saving Lives During Emergencies
Retired Textile Worker Teaches Party's History
Helping Women Play Greater Roles in Promoting Social Development
Russian theater director and playwright go on trial over a play authorities say justifies terrorism
Retired Textile Worker Teaches Party's History
Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 2025
Entrepreneur Helps Rural Women Shake off Poverty in Northwest China