Ex-Guizhou official guilty of graft

Wang Xiaoguang, former vice-governor of Guizhou province, pleaded guilty during a trial on Thursday in Chongqing to insider trading and taking bribes totaling more than 200 million yuan ($28.9 million).

Prosecutors accused him of taking advantage of his power in various positions, including mayor of Zunyi and member of the Standing Committee of the Guizhou Committee of the Communist Party of China, to seek private profits from 1998 to 2017.

Wang provided assistance to departments and individuals regarding equity transfers, contracting projects, appropriation of project funds and job promotion. Directly or through his close relatives, Wang illegally accepted bribes of 48.7 million yuan in return.