Tuesday, December 16, 2014

China woman Fined.

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Former ally of China’s railway chief was ordered by a Beijing court to pay the largest fine so far after being convicted of bribery earlier this year.

Ding Yuxin was sentenced to 20 years in prison and fined 2.5 billion yuan ($403 million) for paying bribes and engaging in illegal business, the court said. 

“The number was extremely large and the violation was very serious,” Tang Bo, senior partner at W&H Law Firm, said in Beijing. 

Ding’s sentencing comes amid a two-year anti-corruption campaign to curb the graft that could erode the party’s legitimacy. More than 80,000 officials have been punished for breaking party rules, according to the Central Commission for Discipline Inspection.

Ding, 59, was described in her trial as the major financial backer of former Railway Minister, intervening in bidding for railway projects worth about 185 billion yuan and engaging in illegal business operations.

During trial, prosecutors said she gave Liu 49 million yuan in exchange for helping her and affiliated companies win 57 railway construction projects, in violation of state regulations, Xinhua reported.

Wide spread.....  Just a thought.

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