Original Title: Zhou Fengxiang, former Party Secretary and Chairman of China Shipbuilding Materials East China Co., Ltd., was sentenced to 11 years in the first instance of bribery and misappropriation of public funds
Xinhua News Agency, Shanghai, March 12th (Reporter Lan Tianming) The reporter learned on the 12th that after the Shanghai People's Procuratorate's Second Branch filed a public prosecution, the Shanghai Second Intermediate People's Court charged the Chinese shipbuilding industry with bribery and misappropriation of public funds on the 12th. Materials East China Co., Ltd., China Shipbuilding Industry & Trade Group Shanghai Trading Co., Ltd. former party committee secretary and chairman Zhou Fengxiang (deputy bureau level) was sentenced to 11 years in prison, deprived of political rights for 2 years, and fined 800,000 yuan.
After investigation, from 2007 to 2012, the defendant Zhou Fengxiang took advantage of his duties as assistant general manager and chief financial officer and deputy general manager of China Shipbuilding Materials East China Co., Ltd. and Shanghai Huaban Ship Materials Trading Co., Ltd. to facilitate false trade, etc. It provided relevant units and individuals with assistance in financing, borrowing, etc., and illegally received other people's property totaling more than 6.72 million yuan. From 2009 to 2011, Zhou Fengxiang took advantage of his position as deputy general manager of China Shipbuilding Materials East China Co., Ltd., embezzling 5.63 million yuan of public funds for personal use, and failed to return or carry out profit-making activities for more than 3 months.
The Shanghai Second Intermediate People's Court made a judgment. The defendant Zhou Fengxiang was convicted of bribery and sentenced to 10 years in prison, 2 years of deprivation of political rights and a fine of 800,000 yuan. He was convicted of embezzlement of public funds and sentenced to 5 years in prison. 11 years in prison, 2 years of deprivation of political rights, and fine of 800,000 yuan. Illegal income is confiscated and turned over to the treasury.