Ex-finance ministry No. 2 starts bribe trial
By Echo Wang |
April 27, 2010, Tuesday
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Print Edition
Print Edition
THE former head of the budget committee of China's top legislature stood trial yesterday for taking 7.44 million yuan in bribes (US$1 million) during his tenure as the vice minister of finance.
Zhu Zhigang was charged with bribery in Xinyang City Intermediate People's Court in central China's Henan Province.
The indictment also said Zhu took advantage of his post in the Ministry of Finance to help his families gain good jobs and bank loans in business activities.
Zhu mainly gained these bribes by buying cheap houses that developers specially offered to him, then selling them at market prices afterwards, according to Caijing Magazine.
Zhu offered these developers preferential treatments in exchange. But the prosecutors did not say which developers were involved.
Little detail about the court proceedings was revealed, said Xinhua. Zhu, 60, was former deputy minister in the Ministry of Finance from 2001 to 2008.
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