The Intermediate People's Court of Xiamen City, Fujian Province held a public hearing in the first instance on the case of Chen Shulong, former member of the Standing Committee of the Anhui Provincial Committee of the Communist Party of China and former Deputy Governor of the Provincial People's Government, for accepting bribes, abusing power, insider trading, and leaking inside information.
The People's Procuratorate of Xiamen City, Fujian Province charged that from 2009 to 2015, Chen Shulong bought stocks during the sensitive period of insider information, making illegal profits totaling RMB 137 million; leaking inside information caused others to buy stocks, making illegal profits totaling RMB 3,031ten thousand yuan.
The reporter combed and found that there are not a few officials who are interested in stock trading. When some people accept bribes, they ask the briber to give stocks to ensure safety;
To cover up money laundering officials require bribers to open accounts to send stocks
Afraid of directly collecting money and being found out by the relevant departments, Hu Jingsong, an official who likes to trade in stocks, came up with a good way to deceive others, which is to ask the boss who paid the bribe to open a stock account for himself to trade in stocks, and then cash out when he has the opportunity.
In July 2017, the Commission for Discipline Inspection of Qianxinan Prefecture of Guizhou Province notified that the Commission for Discipline Inspection of Qianxinan Prefecture of Guizhou Province had filed a case for review of serious violations of discipline by Hu Jingsong, the former director of the State Highway Management Office.
After investigation, Hu Jingsong seriously violated political discipline and resisted organizational review; seriously violated integrity discipline and received salary in violation of regulations; seriously violated national laws and regulations, used his position to seek benefits for others and accepted property, and was suspected of accepting bribes.
It can be seen on the China Judgment Documents website that in February 2018, Hu Jingsong was sentenced to 5 years in prison and fined 300,000 yuan for accepting 2.068 million yuan in bribes and receiving 57,500 yuan in salary in violation of regulations.The reporter noticed that one of the bribes was that he asked the boss of the engineering team to open an account and give himself the stock.
Gui, the boss of the engineering team, said that after getting the project from the project supervised by Hu Jingsong, he paid a total of 650,000 yuan in bribes from 2008 to 2012.In addition, from 2010 to 2013, Ni, a project contractor, bribed Hu Jingsong with a total of 960,000 yuan.
In August 2013, Hu Jingsong learned that he had been reported by the masses, so he adopted the method of falsehood, and returned some of the cash received from engineering contractors Ni and Gui to the two for safekeeping, and asked them to unify the statement: all the cash has been returned.
After Hu Jingsong received the report, no crime happened. Luckily, he did not stop pursuing greed. Instead, he became more cautious and adopted more covert methods of accepting bribes, but all of this was deception.
In March 2015, Hu Jingsong arranged for Mr. Liu, the boss of the engineering team, to deposit the cash in the bank and open a stock trading account for him to trade in stocks.According to Hu Jingsong’s confession, at that time Hu Jingsong was the manager of Nanxia Company, and Liu, an individual construction contractor, approached him in order to undertake the project of Nanxia Company, hoping to give him help, and Hu Jingsong agreed.Later, Liu successively undertook the Shama Highway overhaul project contracted by Nanxia Company, the Shaxing Line Oil Road Overhaul Project, the Xingren Gaowu Line Reconstruction Project, the Xiayoumai-Nawang Village Road Reconstruction Project in Wangmo County, and the G320 Three Road Project in Pu'an County.Banqiao National Highway Reconstruction Project, etc.Hu Jingsong received a total of 110,000 yuan in cash from Liu in four times.In March 2015, after discussing with Liu, Hu Jingsong took 140,000 yuan to Liu. Liu opened a bank-securities account with his wife Tang's bank card for stock trading. Liu paid this bank account twice.A total of 140,000 yuan was deposited in cash, and 304,000 yuan was transferred.
Hu Jingsong wrote in his confession: Smartness is misunderstood by cleverness, and everything you do is useless.
Stock loss, gambling, money loss, stolen money, unlucky official who took 4.39 million bribes and was sentenced to 6 years
In September 2014, Yuan Dongping, a member of the party group and deputy director of the Population and Family Planning Commission of Guang'an City, Sichuan Province, was investigated by the Commission for Discipline Inspection.After trial by the court, from 2007 to 2012, Yuan Dongping successively served as Secretary of the Party Committee of Nongxi Town, Huaqiao Town, and Daishi Town, Guang'an District, Guang'an City, Sichuan Province.Seeking benefits for Yang, Zhou, and others, illegally accepted 4.39 million yuan in property from Yang, Zhou, and others in the name of profit sharing and thank-you fees.
When Yuan Dongping cooperated with these developers, he used his authority to buy dry shares and share them in proportion. These profits were considered bribery.As for the money obtained from bribery, Yuan Dongping made four investments, gambling, stock speculation, etc., many of which were in vain.
When Yuan Dongping confessed the whereabouts of the money after accepting bribes, he said that first, he bought two sets of commercial houses in Luneng Star City, Jiangbei, Chongqing, and Nanhu Community, Huayang, Chengdu, and the total cost of decoration was nearly 2 million yuan.Around April 2013, I bought a brand new Shengda Hyundai with a mortgage, costing about 290,000 yuan.
Beginning in 2009, Yuan Dongping invested about 500,000 yuan in Guang'an Huaxi Securities, and used the accounts of his wife Fei and sister Yuan to speculate in stocks. Up to the time of the incident, he had lost a total of 350,000 yuan in the stock market.From 2004 to 2006, he invested 120,000 yuan in the orchard project of Xuyan Village, Zaoshan, Guang'an, and all the money invested in the project was lost.In the second half of 2006, he invested 120,000 yuan in the development of the Huaying Mountain Barbecue Restaurant project, which resulted in a loss of 100,000 yuan.Since 2004, Yuan Dongping, who likes to play cards, lost a total of about 560,000 yuan in cash.In the first half of 2011, he accepted 220,000 yuan in bribes in Huaqiao Town, and carried the 220,000 yuan in a satchel one day back to Guang'an.
In March 2017, the court finally found Yuan Dongping guilty of accepting bribes, privately distributing state-owned assets, and introducing bribes. He was sentenced to 6 years in prison and fined 200,000 yuan.
Invested 3 million and made a profit of 248 million yuan. Stock god officials were fined and confiscated 499 million.
During the special inspection of the China Securities Regulatory Commission by the 7th Inspection Team of the Central Committee, it handed over to the China Securities Regulatory Commission relevant clues related to Feng Xiaoshu, a former staff member of the Shenzhen Stock Exchange and a part-time member of the Stock Issuance Examination Committee, who was suspected of illegally buying and selling stocks.
On April 21, 2017, Zhang Xiaojun, the spokesperson of the China Securities Regulatory Commission, introduced that after investigation and trial, the China Securities Regulatory Commission found that Feng Xiaoshu successively bought shares in the company to be listed in the name of his mother-in-law and sister-in-law, and sold the shares of the listed company after listing to obtain huge profits., the cumulative transaction amount reached 251 million yuan, and the profit amount reached 248 million yuan.
It is understood that the China Securities Regulatory Commission has imposed no penalty on Feng Xiaoshu. Feng Xiaoshu's principal was 3 million yuan, and the profit of 248 million yuan was mainly caused by the price difference between the primary and secondary markets.Zhang Xiaojun stated that Feng Xiaoshu, as a supervisory cadre with important responsibilities, knew the law and broke the law., Seriously disrupting the management order of the capital market.
In a notice issued by the China Securities Regulatory Commission in September 2000, it clearly stipulated that all staff members of the securities regulatory system and their spouses and children are not allowed to buy and sell stocks, and those who violate the regulations must be corrected within a time limit, or the suspension of spouses and children may conflict with public interests.business activities, or leading cadres resign from their current positions.
According to Article 199 of the Securities Law, the China Securities Regulatory Commission decided to confiscate Feng Xiaoshu's illegal income of 248 million yuan and impose a maximum fine of 251 million yuan.At the same time, Feng Xiaoshu was banned from entering the market for life.This amount of 499 million yuan fined and confiscated can be called the heaviest fined member of the Issuing Examination Committee in history.Feng Xiaoshu is also called a stock god official by the media.
