Former deputy director of SAIC million bribery jailed for 11 years

Former deputy director of SAIC million bribery jailed for 11 years Core Tip: the State Administration for Industry and Commerce, former deputy director Liu Wei, Law Department, Ministry of Commerce, together with former bureau level inspector Guo Jingyi accepted the trust companies, to help set up a joint venture company. Liu was significantly lower than the market price in order to buy a house from the company, a profit of more than 100 million. Court sentenced to 11 years for its State Administration for Industry and Commerce Morning News, former deputy director Liu Wei, Law Department, Ministry of Commerce, together with former bureau level inspector Guo Jingyi accepted the trust enterprise, is a joint venture company set up to help. Liu was significantly lower than the market price in order to buy a house from the company, a profit of more than 100 million according to the prosecution allegations, Liu was formerly the deputy director of the State Administration for Foreign Investment Enterprise Registration Bureau, he served as Director of the Bureau registered the use of the guidance office of his office, in the period 2000-2003, alone or together with Guo Jingyi accept corporate trust of accepting cash related corporate value given 50,000 yuan and 30,000 yuan a Rolex watch, and significantly lower than the market price , buy a house, more than 100 million profit West's Procuratorate prosecutor handling the case on the merits Li Huiming introduction. Liu Huiming said that in 2003, a joint venture company engaged in real estate equity contribution to preparing the way, re-registration of listed companies need to go through the State Administration for approval. This company personnel by Guo Jingyi, met senior positions at SAIC Liu Wei, Liu primarily responsible for managing the registration of foreign approval. At the dinner table, talking about the company staff because there is no cash, want to equity investment, but the law was not clearly defined. Eventually, with the help of Liu, SAIC relevant departments authorized by way of equity invested in the company. During heuer imitation watches the incident, Liu Guo Jingyi on that the company has a good real estate projects, along with their own proposal to let Liu go look at the house, and later, Liu Wei to more than half of the price to buy a house. The investigation, Liu buyers significantly lower than the market price, a profit of more than 100 million In addition, between 2000 to 2002, Liu also used his position to facilitate the acceptance of the trust, to help a company in Hebei approval regarding the issue of shares and listing overseas, receiving The company twice to give a Rolex watch (valued at RMB 300 million yuan) and 50,000 yuan, money and goods worth a total of RMB 800 million yuan. After hearings, the Second City Court found Liu guilty of accepting bribes, sentenced to 11 years for its West's Procuratorate prosecutor Hisayoshi told reporters, city management positions crime incidence is largely attributable to the presence of some of the industry hidden rules induced crime, and oversight. Occurred in the area of ??urban management crimes cases, people spend lots of money to bribe bribe in order to achieve their own ends, and even in some industries to determine the level of profits in accordance with the amount of bribes.