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November 20, 2010

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Nuclear boss jailed for bribes

THE disgraced head of China's National Nuclear Co, the country's largest owner of nuclear plants, was yesterday sentenced to life imprisonment for taking bribes of more than 6.6 million yuan (US$ 994,468).

Kang Rixin, 57, former general manager of CNNC, was accused at The Beijing No.1 Intermediate People's Court of taking bribes from companies and individuals to help get nuclear power plant project approvals and arrange jobs for others during his tenure from 2004 to 2009. Kang could have faced the death penalty for his crimes.

"The sentence was lighter because Kang cooperated with investigators and returned all his ill-gotten gains," said the judgment, adding that Kang was also deprived of political rights for life and had his personal assets seized.

Kang was expelled from the Communist Party Central Committee and stripped of his Party membership in December last year for "serious violations of the law and discipline breaches," Xinhua news agency reported.

It didn't give more details about Kang's case but a previous report by business journal, Caijing, quoted an anonymous insider as saying Kang had appropriated public money to buy stocks in 2008 and intervened in the bidding results of nuclear power projects.

Kang was the second senior official at a state-owned power company to be ensnared for corruption this year.

In August, Jiang Xinsheng, 56, former president of China National Technical Import and Export Corp, which builds power plants, was jailed for 20 years for leaking state secrets in connection with a bid for foreign-made nuclear reactors, sources told Reuters.

China is planning a massive push into nuclear power. It has 12 reactors with 10.15 gigawatts of generating capacity. Its nuclear capacity target for 2020 remains 40 GW, less than 5 percent of its current electricity generating capacity.




 

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