(Beijing News) Zhou Chunyu, the former deputy governor of the Anhui Provincial Government, accepted bribes, concealed overseas deposits, abused power, and insider trading. The trial was held last Thursday (25th). The prosecution accused him of buying relevant stocks during the sensitive period of insider information., the cumulative purchase amount was more than 270 million yuan (RMB, the same below, S$54 million), and the illegal profit was more than 350 million yuan.
In addition, he was also accused of accepting more than 13.65 million yuan in property from others, concealing more than US$4.12 million (S$5.69 million) in overseas deposits, and causing more than 665 million yuan in national property losses.
According to a report by the Governor of Chang'an Street, a WeChat account under the Beijing Daily, Zhou Chunyu was tried at the Intermediate People's Court of Jinan City, Shandong Province last week. After his final statement, he pleaded guilty and repented in court.The court then announced an adjournment for a sentencing date.
Zhou Chunyu is not the first senior official in Anhui province to be charged with insider trading.Another former deputy governor of the province, Chen Shulong, who is awaiting sentencing, was also tried in July this year for accepting 270 million yuan in bribes and other crimes. He was also involved in insider trading and made a profit of 160 million yuan.Zhou Chunyu and Chen Shulong worked together in the same team for two months, and now they are dubbed stock gods by the media.
The governor of Chang'an Street pointed out that Zhou Chunyu set a new record for the age at which provincial and ministerial-level sacked cadres began to accept bribes.Zhou Chunyu became the Deputy Secretary of the General Office of the Anhui Provincial Party Committee of the Communist Party of China in February 1995 at the age of 27, and the indictment stated that he began to accept bribes in 1996.The previous record holder was Su Shulin, the former governor of Fujian Province, who started accepting bribes at the age of 35.
Zhou Chunyu served as the mayor of Bengbu from January 2011 to August 2012. During this period, he violated the regulations and returned land transfer fees to relevant companies, causing a loss of more than 665 million yuan in state property;The secretary of the Bengbu Municipal Party Committee successively deposited more than 4.12 million US dollars in overseas banks during the period, and failed to declare as required.
According to the official website of the Central Commission for Discipline Inspection, the 50-year-old Zhou Chunyu is from Tianchang, Anhui Province. He has worked in Anhui for many years.However, he was sacked after seven months as deputy governor and was expelled from the party and public office in July 2017.
In addition to Chen Shulong and Zhou Chunyu, another former vice-governor of Anhui, Yang Zhenchao, was sacked at the same time.Yang Zhenchao was sentenced to life imprisonment in May last year for accepting bribes, embezzlement, and abuse of power.
