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February 29, 2012

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Ex-GM denies embezzlement

THE general manager of a state-owned construction supervision company in Shanghai admitted in court yesterday that she made false accounts and created nonexistent positions but denied embezzling 46 million yuan (US$7.3 million).

Sitting in a wheelchair, Wu Xiaoli, 73, was taken to the Shanghai No. 2 Intermediate People's Court under the company of a doctor. The woman was the general manager of the state-owned Shanghai Gongxin Project Construction Supervision Center Co Ltd from 1994 to May 2010.


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