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April 13, 2012

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Level of corruption in city detailed

MORE than 320 million yuan (US$50.76 million) of state-owned assets in Shanghai were embezzled over the past three years, a white paper released by the Shanghai No. 2 Intermediate People's Court revealed yesterday.

It marked the first time the city's court system issued such a white paper to look into corruption cases.

Between 2009 and last year, a total of 123 state-owned company employees were sentenced to jail for stealing state-owned assets. The 91 cases spanned industries from construction to real estate to finance and medical services, the white paper said.

"The guilty worms took advantage of their positions and indulged themselves in eating the big cake," the paper said.

Graft accounted for 66 percent of the court cases, followed by embezzlement, privately dividing state-owned assets and breach of duties by state-owned company employees, the paper revealed.

In 2010, the intermediate court sentenced Wang Miaoxing, the former Party secretary of the city's Changzheng Town committee, to life imprisonment for three corruption offenses, which involved embezzlement, graft and taking bribes.

The amount Wang managed to gather over several years came to about 108 million yuan, 97 million of which belonged to state-owned enterprises and were transferred into Wang's personal assets when he was board chairman of Shanghai Xinchangzheng Group.

According to the paper, loose management of company transfers, lack of monitoring systems and twisted professional ethics were to blame for corruption in state-owned companies.

To curb corruption, the intermediate court called for stricter management and a third-party monitoring system to discipline officials and employees.


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