Shanghai No.1 Intermediate People’s Court found Mao Shijia, former general manager of China Shipping Tanker Company, a subsidiary of China Shipping Development, guilty of corruption and sentenced him to six years in prison.
The court also sentenced Liu Houping, former assitant general manager at China Shipping Tanker Company, to three years and six months in jail for similar offenses.
The court established that Shijia and Houping had abused their positions within the company to obtain close to USD 2.41 million in personal gains, which caused significant losses for the company.
Houping admitted to knowing of the corrupt dealings and helping Shijia, and pleaded for leniency from the court.
Shijia was arrested on the counts of corruption in November 2013.
Copyright Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.