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August 22, 2013

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Former university president sentenced to 11 years in jail

A FORMER local university president was sentenced to 11 years in prison for taking 1.13 million yuan (US$184,416) in bribes, the Shanghai No. 2 Intermediate People’s Court said yesterday.

Xu Xiaoming, 56, the former president of the University of Shanghai for Science and Technology, was also fined 300,000 yuan and his illegal income seized.

Prosecutors said Xu took bribes between 2003 to 2011 when he was the vice-president of Shanghai Jiao Tong University, chairman of four companies that were run by the university, and president of the University of Shanghai for Science and Technology.

Xu took bribes in cash and shares from three different people. He was accused of raking in 880,000 yuan in illegal profits from equity dividends after he was given 200,000-yuan worth of shares by Lan Xiande, the former CEO of Shanghai Jiao Da Onlly Co Ltd.

He was also accused of taking around 150,000 yuan from the former general manager of Shanghai Jiao Tong University Science Park and US$15,000 from a person employed with Shanghai Netcast Electronics Technology Co.

Xu’s lawyer argued that only the 200,000-yuan worth of shares Lan gave Xu should be considered as bribes but  the court said these shares belonged to Lan and had nothing to do with Xu. The money Lan transferred to Xu’s bank account was 880,000 yuan.



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