Chinanews.com, December 28. According to the official WeChat news of the Wenzhou Intermediate People's Court, on December 28, 2022, the Wenzhou Intermediate People's Court in Zhejiang Province charged Wu Hua, the former president of Bank of Wenzhou, and four others for accepting bribes, embezzling public funds, and illegally issuing loans. , Issuing financial tickets in violation of regulations, and accepting bribes by non-state employees, the first-instance public judgment was announced. The defendant Wu Hua was sentenced to death for accepting bribes with a two-year reprieve, deprived of political rights for life, and confiscated all personal property. After the one-year term is commuted to life imprisonment, he will be sentenced to life imprisonment without commutation or parole; he will be sentenced to 12 years in prison for the crime of embezzling public funds; he will be sentenced to 10 years in prison for the crime of illegally issuing loans and a fine of 200,000 yuan; Sentenced to seven years in prison for the crime of issuing financial bills; combined punishment for several crimes, decision to execute the death sentence with a two-year reprieve, deprivation of political rights for life, and confiscation of all personal property, and commutation to life imprisonment in accordance with the law when the two-year reprieve expires Afterwards, life imprisonment without commutation or parole.
The defendants Zhou Liangzeng, Lin Shen and He Jiangfeng were sentenced to fixed-term imprisonment ranging from 16 to 8 years.
The stolen money and goods involved in the case and the illegal income of the defendant Wu Hua and other four persons, their proceeds, and fruits were recovered, and the insufficient part continued to be recovered, all of which were confiscated and turned over to the state treasury.
Image source: Official WeChat of Wenzhou Intermediate People's Court
The trial found that: from 2013 to 2019, the defendant Wu Hua took advantage of his position as the president of Bank of Wenzhou to seek benefits for relevant units and individuals in matters such as credit approval, loan issuance, issuance of performance bonds, and corporate financing. Illegally received property with others or alone, with a total value of more than 275.44 million yuan; from 2013 to 2015, Wu Hua used the convenience of his position to embezzle 508 million yuan of funds from his unit with others for personal use or lend them to others for profit-making activities ; From 2011 to 2018, Wu Hua violated state regulations to issue loans of 501 million yuan, causing Wenzhou Bank to lose 30.260542 million yuan in books; from 2015 to 2017, Wu Hua violated the guarantee business management regulations, and without the approval of the loan review committee and the board of directors, collaborated with others Issued other letters of guarantee of 300 million yuan.
Image source: Official WeChat of Wenzhou Intermediate People's Court
The Wenzhou Intermediate People's Court held that the defendant Wu Hua's behavior constituted the crime of accepting bribes, embezzling public funds, illegally issuing loans, and issuing financial tickets in violation of regulations, and should be punished for several crimes.
The amount of bribes Wu Hua received was particularly huge, the circumstances of the crime were particularly serious, and the social impact was particularly bad, causing particularly heavy losses to the interests of the country and the people, and should be severely punished according to law.
After comprehensively considering the criminal facts, circumstances and degree of harm to society in the whole case, the court made the above judgment.