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Death sentence for rail official
Source: Xinhua |
February 7, 2009, Saturday
|
Print Edition
Print Edition
A LOCAL railway company chief was given a suspended death sentence for embezzling and misappropriating more than 80 million yuan (US$11.7 million), a court in east China's Anhui Province said yesterday.
Zhang Haiying, former board chairwoman and general manager of Anhui Luofu Railway Ltd, was also convicted of bribery by the Intermediate People's Court of Fuyang City on January 23, a court spokesman said.
The court ordered the confiscation of all her personal property and deprived her of political rights for life.
Zhang, 49, has appealed, the court said.
She had been hailed as a heroine in the reform of China's rail system for her role in turning the Fuyang railway administration into Anhui Luofu Railway Ltd in July 2004.
She invested 5.4 million yuan and held a 54-percent share of the company.
However, she embezzled 5.8 million yuan during the transition from an administrative organization into a company, and another 47 million yuan after the company became operational, the court said.
She also misappropriated 20 million yuan of company funds and used it to pay her debts and those of relatives.
Zhang Haiying, former board chairwoman and general manager of Anhui Luofu Railway Ltd, was also convicted of bribery by the Intermediate People's Court of Fuyang City on January 23, a court spokesman said.
The court ordered the confiscation of all her personal property and deprived her of political rights for life.
Zhang, 49, has appealed, the court said.
She had been hailed as a heroine in the reform of China's rail system for her role in turning the Fuyang railway administration into Anhui Luofu Railway Ltd in July 2004.
She invested 5.4 million yuan and held a 54-percent share of the company.
However, she embezzled 5.8 million yuan during the transition from an administrative organization into a company, and another 47 million yuan after the company became operational, the court said.
She also misappropriated 20 million yuan of company funds and used it to pay her debts and those of relatives.
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