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Official in bribe trial admits offering gifts
By Li Xinran |
00:31 UTC+8 March 31, 2010
|
Print Edition
Print Edition
AN ex-top financial official being tried on charges of accepting 11.9 million yuan (US$1.74 million) in bribes admitted yesterday that he offered cash rewards to a film actress and a China Central Television anchorwoman.
Wang Yi, 54 - a former vice president of state-run China Development Bank and, before that, a vice chairman of China Securities Regulatory Commission - is standing trial at Beijing No.1 Intermediate People's Court, China National Radio reported yesterday.
Wang, a Yunnan native, is accused of accepting bribes during his tenure as the commission's vice chairman and with arranging irregular bank loans and improperly offering aid to enterprises listed on stock markets on Chinese mainland.
About half of the bribes, or 5.38 million yuan, were from a Hong Kong businessman, Li Tao, according to the indictment.
Li, who is also under custody, testified that at Wang's instructions he gave 300,000 yuan to Zhao Wei, who starred in the popular television series "Princess Pearl," when she accompanied Wang to the opening ceremony of a department store owned by Li in Shenzhen, Guangdong Province.
At the hearing, Wang agreed with what Li said.
Wang also instructed Li to offer 2 million yuan to Liu Fangfei, one of the six hosts of 2007 CCTV New Year's Gala, to clear a home loan, Li said.
Wang later told Liu to return the amount plus 40,000 yuan in interest when Wang was targeted for investigation, prosecutors said. Liu had denied any relationship with Wang immediately after the investigation.
Li was also generous to Wang's family, the indictment said, once giving Wang's son a red envelope with US$10,000 during a New Year holiday in Las Vegas.
The indictment said that Li met Wang in their early days. Wang helped him acquire a bank loan for an expressway project Li had contracted in central China's Hunan Province.
Wang didn't hire an attorney but was defended by a designated one.
Wang Yi, 54 - a former vice president of state-run China Development Bank and, before that, a vice chairman of China Securities Regulatory Commission - is standing trial at Beijing No.1 Intermediate People's Court, China National Radio reported yesterday.
Wang, a Yunnan native, is accused of accepting bribes during his tenure as the commission's vice chairman and with arranging irregular bank loans and improperly offering aid to enterprises listed on stock markets on Chinese mainland.
About half of the bribes, or 5.38 million yuan, were from a Hong Kong businessman, Li Tao, according to the indictment.
Li, who is also under custody, testified that at Wang's instructions he gave 300,000 yuan to Zhao Wei, who starred in the popular television series "Princess Pearl," when she accompanied Wang to the opening ceremony of a department store owned by Li in Shenzhen, Guangdong Province.
At the hearing, Wang agreed with what Li said.
Wang also instructed Li to offer 2 million yuan to Liu Fangfei, one of the six hosts of 2007 CCTV New Year's Gala, to clear a home loan, Li said.
Wang later told Liu to return the amount plus 40,000 yuan in interest when Wang was targeted for investigation, prosecutors said. Liu had denied any relationship with Wang immediately after the investigation.
Li was also generous to Wang's family, the indictment said, once giving Wang's son a red envelope with US$10,000 during a New Year holiday in Las Vegas.
The indictment said that Li met Wang in their early days. Wang helped him acquire a bank loan for an expressway project Li had contracted in central China's Hunan Province.
Wang didn't hire an attorney but was defended by a designated one.
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