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SOE manager jailed for 150,000 yuan deception

By Xu Fang | April 9, 2009, Thursday | Print Edition

A SENIOR manager in a state-owned enterprise has been jailed for 10 and a half years for corruption, the Jing'an District People's Court said yesterday.

The court found him guilty on Tuesday after experts said a receipt offered by Liu Ping, 36, to prove his innocence had been forged.

Liu returned from the United States in 2002 and joined the state-owned Shanghai Changjiang Technology Development Co Ltd. He was made deputy general manager in 2003 and was in charge of a sales department.

In 2004, Liu got into a dispute with the company's general manager over the purchase of a new apartment. Liu thought the company should pay him a subsidy for the property. When his request was refused, prosecutors said, Liu decided to steal money from the company.

At that time, the company was suing a Beijing firm over a contract dispute.

Liu falsified an authorization document and reached an agreement in private with the Beijing company that it should pay 150,000 yuan (US$21,930), prosecutors said. Liu withdrew the lawsuit without telling his company and pocketed the money, the Jing'an court heard.

Changjiang Technology didn't find out about this until 2007 because of delays in communicating with the Beijing court.

Questioned by his company, Liu confessed and paid back the money, prosecutors said.

But Liu denied that confession when police began their investigation. He told the court that he handed the 150,000 yuan to the general manager at the end of 2005 and provided the court with a receipt with the company's stamp, dated December 26, 2005.

But prosecutors showed the court a report identifying discrepancies in the receipt, indicating it had been forged.

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