Former CSIC chairman indicted for bribery, abuse of power

BEIJING - Hu Wenming, former chairman of China Shipbuilding Industry Company Limited (CSIC), has been indicted on suspicion of accepting bribes and abusing power, the Supreme People's Procuratorate (SPP) said Friday.

Hu was accused of taking advantage of his various former positions at state-owned enterprises and abusing his power to seek profit for others and accept vast sums of money and gifts in return, which has caused huge damage to state assets and national interests, according to the SPP.

The indictment document has been delivered to the First Intermediate People's Court of Shanghai by the first branch of the People's Procuratorate of Shanghai, according to a statement from the SPP.

The prosecutors had informed the defendant of his litigation rights, interrogated him and heard the opinions of his defense counsel, the SSP noted.