Related News

Home » Metro » Society

Prison term for accountant who took bribes

A FORMER accountant with a car sales company was yesterday sentenced to 11 years in prison and fined 100,000 yuan (US$14,620) for taking 1.3 million yuan in bribes.

The Shanghai No. 2 Intermediate People's Court found that Liu Jiangang, an accountant with the Shanghai branch of Tianjin Automobile Industrial & Sales Company, and the former deputy director of Putuo District, Zhang Keming, had taken bribes, the Oriental Morning Post reported today.

On Sunday Zhang Keming, who was in charge of the district's finances, was sentenced to 13 years in prison for taking 1.87 million yuan in bribes over a decade.

Liu had been responsible for the selling of offices in Zhongshan Road North in 2004 and he talked to Zhang about making money on the deal. Liu's company had moved out from Shanghai in 1999 and he had been responsible for the company's issues in Shanghai since then.

Zhang and Liu talked to Liu Baogeng, a shareholder with the Sanxin Auction Co which sold the building for 10.55 million yuan to a printing factory run by Liu in November. Liu Baogeng later sold the building to another party making more than 3 million yuan on the deal.

Liu Baogeng gave Liu Jiangang 1.3 million yuan in April 2005 and Zhang took 500,000 yuan using his son's name and pretending it was a loan.

Liu Jiangang's family has returned all the money.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend