First corruption was sentenced to death in Guangdong Province Guangdong first sold an area of 154 football field | corrupt | _ Zhang Xinhua News

AP called the "Guangdong the first corruption" cloud commerce joint company General Manager Zhang Xinhua, yesterday by the Guangzhou intermediate people's Court of first instance sentenced to death and executed immediately, and confiscation of all his personal property. The Court found that Zhang Xinhua bribery, corruption, non-State workers taking bribes, involving a total of nearly 400 million dollars. Zhang Xinhua in Court of appeal.

　　Bribes of millions embezzled 280 million in financing

Guangzhou intermediate people's Court trial found that from June 1998 to May 2013, as Zhang Xinhua of national staff, in the Baiyun company and its affiliated companies in the transfer of State-owned land and cooperative development of real estate projects, provides help for the related entities and individuals, the bribes amounted to 56.8 million Yuan and HK $ 7.3 million.

After 2003, we may mingle together without the parent's consent, privately setting up wide-field companies, rain field, successively through the void, undervalued assets, active litigation and settlement of debt, debt free by way of the white clouds and affiliated corporate real estate, plots, then through leasing or transferring profits, or by way of shareholders ' funds, continues to devour the Baiyun company and its subsidiaries ' property and land. Based on the assessment, we may mingle together embezzled more than 280 million yuan of State assets.

In addition, from 2010 to 2011, Zhang Xinhua also uses control Hirota, rain field company in the company facilities, Jiangmen, a company the Hirota company claims and related plots help, in return for "bribe" over HK $ 35.29 million and 4.5 million Yuan. Be deemed to constitute non-State bribery.

Judgement shows that Zhang Xinhua was transferred to the public prosecution service alleged serious economic crimes according to law, without honestly confessing crimes, not surrender. In addition, Zhang Xinhua corruption, huge amount of bribes, crimes are particularly serious, grave harm to society, in common is instituted criminal intent corruption crimes of corruption and crime, and is responsible for organizing, planning, large arrangements in connection with illegal possession of State-owned assets, according to the Organization, all under the command of criminal punishment.

　　Sold an area of 154 football pitches

"Baiyun mismanagement of agriculture, owe many debts, but have a lot of land, Zhang Xinhua realized the benefits of revaluation of the land, then takes this big fuss. "Investigators are introduced, clouds commerce company history and ownership of land there are many complex, incomplete, and some even without red lines, Zhang Xinhua to capitalise on it to force developers into submission.

According to assessments by specialized agencies, which Zhang Xinhua in violation handling up to 1.1 million square meters of land area, the equivalent of 154 standard football fields, an area of 550,000 square meters, can be recovered in connection with assets worth nearly 5 billion yuan. Investigators said that as things to be uncovered, Zhang Xinhua did not choose to flee, mainly want to sell more land, after all, "a piece of land can make several hundred million."

10th, two courts in Guangzhou on 44 cases of job-related crimes publicly. Another Chinese State-owned enterprise executives, former Vice General Manager of China water and hydropower development corporation Lin Fu Quan was sentenced for embezzlement, the maximum penalty for this offence provisions. In addition, Guangzhou Vice Mayor Cao Jianliao corruption case involved 7 washing all village officials jailed.

■ 延展

　　Professional acts as a corruption of "think tank"

　　55 people in connection with the formation of the corruption chain; part of the money paid relatives overseas accounts

Several investigators told reporters, Zhang Xinhua of corruption practices is indeed quite "technical content" behind a bunch of professionals to act as a "think tank". It is understood that as many as 55 people involved in the case, including Baiyun Agriculture Secretary of party Committee and Deputy Secretary of Commission for discipline inspection, such as 9 of the village, relatives, private owners, such as judges, lawyers, auction company, formed a complete chain of misappropriation of State assets and corruption together.

Encroachment on land in the process of, Zhang Xinhua to fictitious lending affiliate to Kwong Tin company, claim inability to pay again, with land swaps. At the time of assessment of land value, using intermediaries intentionally keep the value down. "On the surface program is legitimate, and behind it something back. "The prosecutors said.

Before the incident, Zhang Xinhua was white many employees the company reported more than 10 years, has not been investigated, investigators explained Zhang Xinhua is adept at "fence" makes people grasp handle. Zhang Xinhua in Hong Kong set up a new company, by his nephew and driver on behalf of its holdings, dirty money washed through the underground Hong Kong companies, then, in a new company account will remit the portion of the stolen money into overseas accounts of his ex-wife and daughter, and remaining Hirota money lending or investment companies charge very high returns.

In addition, the name of Zhang Xinhua employees also take place, set up a several associated companies, injected the money invested or loaned to the associated company development Hirota, jeun-controlled part of the rain, bleach is stolen by its State-owned assets, to build his business empire.

■ 追访

　　"Edge of State-owned enterprises" regulatory blind spot

　　The amount of bribes challenged the "bottom line"; the State-owned enterprises "boss" hoodwink the overhead monitor

President of the Guangzhou intermediate people's court sentences two Zheng Yunzhan told reporters: "people such as Zhang Xinhua corruption case caused significant damage to the country, prosecutors alleged the total amount of money involved reached 340 million Yuan, or even a bribe is up to more than 10 million Yuan, line with a direct challenge to the public. ”

Investigators believe that debt firms are marginalized to monitor blind spots is Zhang Xinhua was one of the biggest lessons. Nowadays, better focus more on economic efficiency of enterprises, the Baiyun company this debt difficult enterprises is relatively small, making their marginalization regulatory blind spot.

Meanwhile, State-owned enterprises "boss" hoodwink, also easy overhead democratic supervision. Baiyun agriculture in many older workers told reporters that they were perennial told "financial hardship", but also do not quite understand the complicated investments, processes and results, dispatching and disposal of significant assets for large amounts of money are not known, it is hard to know Zhang Xinhua carried us to do anything.

Insiders believe that at a time when a new round of State-owned enterprise reform in full swing, white clouds series of corruption cases and lessons of agriculture has implications for strengthening State-owned assets supervision.

This version of the manuscript/AP

(Original title: "first Guangdong corruption" nearly 400 million sentenced to death for graft)

The Beijing News