Business / Companies

Former Chinese expressway executive jailed for bribery

(Xinhua) Updated: 2014-02-18 15:42

Former Chinese expressway executive jailed for bribery

Chen Bo, former general manager of Hainan Expressway Co Ltd.[Photo/Xinhua] 


HAIKOU - The former general manager of Hainan Expressway Co Ltd, a listed company in China's southernmost island province, was jailed for 15 years on Monday for taking bribes.

Chen Bo, was convicted of receiving 7.02 million yuan ($1.15 million) in cash and shopping cards when he served as general manager of the company between 2005 and 2010, according to a Hainan No.1 Intermediate People's Court ruling.

Chen took advantage of his post and sought benefits for others, according to the court.

Half a million yuan of Chen's personal wealth has also been confiscated.

Chen did not appeal in court.

Chen was the chairman of the provincial State-owned enterprises supervisory board before he was arrested in February 2013.

 

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