June 1, 2017 / 10:09 AM / 2 months ago

Former China Resources chairman gets 14 years for graft - state media

1 Min Read

SHANGHAI (Reuters) - A Chinese court has jailed Song Lin, former chairman of the central government-run China Resources Holdings, for 14 years for embezzlement and taking bribes, state media reported on Thursday.

Song was convicted of embezzling public property worth 9.74 million yuan ($1.43 million) and illegally receiving property, shares and benefits valued at 23.3 million yuan while serving in various roles at the company over the 2004-2013 period, China Central Television said.

China Resources is a diversified conglomerate involved in a wide range of sectors like real estate, construction, power generation and consumer goods.

($1 = 6.8055 yuan)

Reporting by David Stanway; Editing by Nick Macfie

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below