Female billionaire sentenced to 12 years' prison
Updated: 2014-12-16 13:53
By Zheng Jinran(chinadaily.com.cn)
|
|||||||||
Ding Yuxin, a Shanxi businesswoman convicted of colluding with former railways chief Liu Zhijun over projects worth billions, stands trial in a Beijing court in this Sept 24, 2014 file photo. Ding was sentenced to 12 years in prison and fined 2.5 billion yuan ($404 million) and had personal property worth 20 million yuan confiscated. [Photo/Xinhua] |
Ding Yuxin, a female billionaire who gave bribes to a former railways minister, has been sentenced to 12 years in prison, fined 2.5 billion yuan ($404 million) and had personal property worth 20 million yuan confiscated, a court in Beijing ruled on Tuesday.
The Beijing No 2 Intermediate People's Court said the evidence collected by prosecutors – that Ding offered bribes and conducted illegal operations – is sufficient for a verdict, which was issued on Tuesday morning and released on its official microblog on Sina Weibo.
Ding Yuxin, the defendant and former chairwoman of Boyou Investment Management Corp, confessed to offering Liu Zhijun, former railways minister, 49 million yuan from 2008 to 2010 in exchange for lucrative contracts and connections in the previous hearings of the court.
Prosecutors said in previous investigations that between 2007 and 2010, the defendant helped 23 companies win 57 railway projects, valued at a total of 185.8 billion yuan.
Ding, 59, also admitted to making 2 billion yuan in profits between 2004 and 2011.
- China demotes 1,000 officials with family abroad in graft fight
- President Xi sends graft warning to military
- Former SOE executive sentenced to death for huge graft
- Strength of China's anti-graft body revealed
- Watchdog offers online channel for anti-graft tips
- Three officials arrested over allegations of graft
- 10 English-language apps to get around and about in China
- Happy Christmas market
- Top 10 secrets inside Xiaomi's marketing
- Old fashioned tea house seen in Anhui
- Yearender: Chinese actresses who married in 2014
- Ground broken in NYC
- University students awarded C-100 scholarships
- 'Early Mona Lisa' traced to English country home
Most Viewed
Editor's Picks
National Memorial Day for Nanjing Massacre victims |
Strength of China's anti-graft body revealed |
8 sentenced to die for killer blasts |
Official sees bright future for Macao |
The heat is on for the 'living fossil' |
A stepping stone or a missed opportunity? |
Today's Top News
Greenland Group starts NY housing project
Graft watchdog steps up SOE investigations
China's ex-PM donates $6m to foundation
HK losing its appeal as an IPO market
China-US trade talks get started in Chicago
Chinese liquor in deal with US firm
Chinese chess captivates fans
HK chief calls for respect of law as protests end
US Weekly
Geared to go |
The place to be |