Death sentence for offi cial who stole state assets
By Li Qian |
December 11, 2014, Thursday
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Print Edition
Print Edition
A former official with a stateowned company was yesterday sentenced to death for stealing state assets and taking bribes.
A court in Guangzhou, capital of south China’s Guangdong Province, said Zhang Xinhua fabricated debts and underrated assets to embezzle property and land when he was general manager of Baiyun Industrial and Agricultural Corp between June 1998 and May 2013.
The court said Zhang founded a company to privatize assets worth nearly 285 million yuan (US$46 million) and also took bribes worth 61.3 million yuan and HK$42.6 million (US$5.5 million), China News Service reported.
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