China: Former Official of SOE Subsidiary Gets Suspended Death Sentence in Record-Setting Bribery Case

Author(s): Kong Xiaoqi, Li Rongde | Date: October 24, 2016 | Language: English
Source: http://english.caixin.com/ | URL: https://goo.gl/i6L17Q | Type: Text

A former official of a state-owned enterprise (SOE) subsidiary was convicted in Heilongjiang province on Friday of taking a record 307 million yuan ($45.4 million) in bribes.
Yu Tieyi, a deputy general manager of a logistics company affiliated with Heilongjiang Longmay Mining Holding Group Co. Ltd., one of the top SOEs in Heilongjiang, was sentenced to death with a two-year reprieve by a city court.
The 307 million yuan in bribes that Yu received from 2005 to 2011 the largest amount an official has been charged with receiving in the history of the People’s Republic of China. Previous record-holder Bai Enpei, a former party chief in Yunnan province, received the same punishment in Henan province on Oct. 9. Bai had accepted 246 million yuan in bribes.

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