Legal Evening News middot; Opinion News (Reporter Pang Lan) Today, the Intermediate People's Court of Xiamen City, Fujian Province opened a first instance hearing on Chen Shulong, former member of the Standing Committee of the Anhui Provincial Committee of the Communist Party of China and former Vice Governor of the Provincial People's Government, for accepting bribes, abusing power, insider trading, and leaking insider informationcase.
Together with his wife and younger brother, he took 275.8 million bribes
The People's Procuratorate of Xiamen City, Fujian Province prosecuted and charged: From 1994 to 2016, the defendant Chen Shulong served as the director of the Anhui Provincial National Debt Service Center, the general manager of Anhui Provincial Trust and Investment Company, the deputy mayor of Hefei City, the mayor of Wuhu City, the secretary of the Wuhu Municipal Party Committee, and the Communist Party of China.During his tenure as a member of the Standing Committee of the Anhui Provincial Party Committee, Secretary-General, and Executive Vice-Governor, he took advantage of his position to help others in enterprise development, project development, financing, loans, investment, and job promotion, directly or through his wife Wang Chuanhong, younger brother, etc.Chen Shutang and others received property from others, totaling more than 275.8 million yuan.
Caused a national economic loss of 2.9 billion
The procuratorate charged: From 2009 to December 2011, when the defendant Chen Shulong served as the secretary of the Wuhu Municipal Committee of the Communist Party of China, in the process of introducing and constructing relevant projects, he violated the organization's discussion and decision-making procedures, and decided to give related enterprises equipment subsidies without authorization, resulting in a total loss of financial funds.RMB 2.124 billion; violated the Notice of the General Office of the State Council on Regulating the Administration of Revenue and Expenditure of the Assignment of State-owned Land Use Rights under the Land Administration Law of the People's Republic of China, etc., Arbitrarily decided to return the land transfer fee to relevant enterprises, resulting in a total loss of financial funds of RMB 792.275 million.The above caused national economic losses totaling RMB 2,916,275,000.
Insider trading profits exceeded 137 million
The procuratorate charged: From 2009 to 2015, the defendant Chen Shulong, as an insider with insider information on the relevant stocks, bought the above-mentioned stocks during the sensitive period of insider information.Leaking insider information led others to buy the above-mentioned stocks. The cumulative transaction amount totaled RMB 32.058285 million, and the total illegal profit was RMB 30.311731 million.
The emperor's insider trading profit was only 2.1 million yuan
The reporter noticed that Yao Gang, the former vice chairman of the China Securities Regulatory Commission, known as the emperor of the trial, was tried on July 11. He was also charged with bribery and insider trading.However, in terms of insider trading, Yao Gang's illegal profits were only 2.1 million yuan.
According to the charge of the Handan Municipal People's Procuratorate, from January to April 2007, Yao Gang took advantage of his position as an assistant to the chairman of the China Securities Regulatory Commission and director of the Issuance Supervision Department to learn insider information about the reorganization and listing of relevant companies, and used other people's stock accounts actually controlled by him.He bought related stocks before the suspension of trading and sold them after the resumption of trading, making illegal profits totaling more than RMB 2.1 million.
In addition, Yao Gang was accused of accepting more than 69.61 million yuan in bribes.
Will Chen Shulong spend his time in prison?
After Chen Shulong and Yao Gang were tried, neither case was pronounced in court.
The reporter noticed that at the end of last month, the Intermediate People's Court of Bengbu City sentenced Anhui's first case of insider trading and leaking insider information. The defendant, Chen Haixiao, was sentenced to 7 years in prison and fined 150 million yuan for the crime of insider trading and leaking insider information.Yuan.According to reports, the defendant, Chen Haixiao, was only the person in charge of a tax accountant firm, and his illegal profits from insider trading amounted to 103 million yuan.
As for the crime of accepting bribes, on July 13 of this month, the Intermediate People's Court of Pu'er City, Yunnan Province sentenced Wang Tianchao, the former president of the First People's Hospital of Yunnan Province, for accepting bribes.Dean, the amount of bribes he accepted is equivalent to about 116 million yuan.In the end, Wang Tianchao was sentenced to life imprisonment.
Previously, Bai Enpei, the former Secretary of the Yunnan Provincial Party Committee, received the highest amount of bribes. He accepted more than 246 million yuan in bribes and was sentenced to death with a reprieve. He was the first person to be imprisoned for life.
In other words, if all the matters prosecuted by the procuratorate are confirmed by the court, then even if the economic loss of 2.9 billion yuan to the country is not counted, the crimes committed by Chen Shulong may be enough to put him in jail.
