Officials face graft charges
By Bob Yang |
October 24, 2011, Monday
|
Print Edition
Print Edition
SIXTEEN officials of a state-owned food supply company in eastern China have been charged with embezzlement, taking bribes and sharing state-owned assets worth more than 400 million yuan (US$62.68 million).
Ying Guoquan, former chairman of the Wenzhou Shopping Basket Group, the largest food supply company in the Zhejiang Province city, is alleged, with 15 senior officials, including his son, to have siphoned off 105 million yuan from 2005 to 2010, according to prosecutors.
Ying was also charged with bribing city government officials between 2003 and 2006 to pass control of 216,666 square meters of land worth 116 million yuan to a company controlled by his son. He is also alleged to have given a large part of the state company's business to his son.
Between 2005 and 2008, he allegedly channeled a total of 94 million yuan to his son's company with the help of officials.
To reward the officials, Ying is said to have made false reports on the number of employees receiving 112 million yuan in salary from government departments and distributed most of the money to helpful officials.
He is also charged with taking bribes of 250,000 yuan from a businessman, surnamed Huang, between 2005 and 2010, to facilitate Huang's business.
Ying, 57, was chairman and general manager of the company from 1998.
Ying's state-owned company supplied 98 percent of the city's vegetables and meat. There are more than 2,000 employees and more than 20 subsidiary companies.
Ying Guoquan, former chairman of the Wenzhou Shopping Basket Group, the largest food supply company in the Zhejiang Province city, is alleged, with 15 senior officials, including his son, to have siphoned off 105 million yuan from 2005 to 2010, according to prosecutors.
Ying was also charged with bribing city government officials between 2003 and 2006 to pass control of 216,666 square meters of land worth 116 million yuan to a company controlled by his son. He is also alleged to have given a large part of the state company's business to his son.
Between 2005 and 2008, he allegedly channeled a total of 94 million yuan to his son's company with the help of officials.
To reward the officials, Ying is said to have made false reports on the number of employees receiving 112 million yuan in salary from government departments and distributed most of the money to helpful officials.
He is also charged with taking bribes of 250,000 yuan from a businessman, surnamed Huang, between 2005 and 2010, to facilitate Huang's business.
Ying, 57, was chairman and general manager of the company from 1998.
Ying's state-owned company supplied 98 percent of the city's vegetables and meat. There are more than 2,000 employees and more than 20 subsidiary companies.
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