Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.


We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

Join Us for Dinar Discussions and More -- We Keep it REAL
HomeSearchMemberlistFAQLog inRegister
Help Us Drain the SWAMP in DINARLAND

REPORT TONY RENFROW for violating his Court Order to stay away from Dinar -

Judge's email: ksd_murguia_chambers@ksd.uscourts.gov
PHONE - 913-735-2340

DA's email: Scott.Rask@usdoj.gov
PHONE - 913-551-6730

Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Share | 

 China drug executive sentenced to death for graft

Go down 
Elite Member
Elite Member

Posts : 208
Join date : 2011-08-31
Age : 64
Location : Ocala, FLorida

PostSubject: China drug executive sentenced to death for graft   Wed Nov 09, 2011 8:56 am

China has sentenced to death the former president of state-owned Shanghai Pharmaceutical Group for corruption, state media said Wednesday, in a case that has fuelled concerns over drug safety.

A Shanghai court on Tuesday sentenced Wu Jianwen, 42, to death with a two-year reprieve for taking bribes of more 11.87 million yuan ($1.9 million) and embezzling 33.55 million yuan, the China Business News reported.

Such rulings are typically commuted to life in prison. Authorities have also seized Wu's personal assets, which included overseas bank deposits, the report said, without giving the amount.

AFP calls to the Shanghai Number One Intermediate People's Court, which handed down the judgment, went unanswered on Wednesday.

Wu, who was detained in 2009, took bribes 35 times over a decade in return for buying raw materials to be used in the company's products and for granting sales rights to certain agents, state media said.

He also bought luxury homes at below market prices as a form of bribe.

Shanghai Pharmaceutical Group is China's third largest drug company by revenue, according to the firm.

The country's pharmaceutical industry has been hit by a number of scandals in recent years.

In 2007, the former head of the State Food and Drug Administration, Zheng Xiaoyu, was executed after being convicted of taking bribes in return for approving hundreds of medicines, some of which proved dangerous.

Graft among government officials and executives of state-owned firms remains pervasive in China and is a major source of public resentment towards the government, despite numerous clean-up campaigns.

Top leaders of the ruling Communist Party have repeatedly called endemic corruption in China a threat to the party's legitimacy and have pledged to stamp it out.

Back to top Go down
View user profile http://www.ocalamobilenotary.com
China drug executive sentenced to death for graft
Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Jump to: