Global EditionASIA 中文双语Français
Home / China / Society

Former CITIC executive sentenced to 18 years imprisonment for graft

Xinhua | Updated: 2021-09-18 21:52
Share - WeChat
Zhao Jingwen, a former executive director of CITIC Group, stands trial at the Intermediate People's Court of Changsha, Hunan province on Sept 18, 2021. [Photo/Xinhua]

CHANGSHA - Zhao Jingwen, a former executive director of CITIC Group, was sentenced to 18 years in prison on Saturday for taking bribes and embezzlement.

Zhao was also fined 3.2 million yuan (about $495,000), according to a statement from the Intermediate People's Court of Changsha, Hunan province.

The court found that between 2000 and 2014, Zhao had taken advantage of his various positions in the CITIC to offer help for others regarding project acquisition, project contracting as well as personnel arrangements and promotions. In return, he received money amounting to millions of yuan.

The court also found that Zhao had abused his positions to embezzle more than 1 million yuan from the enterprise.

The court said Zhao was given a lenient punishment for various reasons, including him being cooperative in the investigation and showing repentance.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349