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.
Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
Chinese President Xi Declares 31st World University Games Open
Super Bowl to host 22,000 fans
Highlights of Australian Open women's singles first round
Devout Christian doctor, 68, who punched dementia
China integrates BeiDou tech into youth sports
Xi Meets Georgian Prime Minister
Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
More young Chinese people becoming fans of extreme sports