
Sun Bo. Photo: VCG
The former general manager of one of China’s largest shipbuilders has been sentenced to 12 years in prison and an 800,000 yuan ($116,445) fine for corruption and "abuse of power," state-run CCTV reported.
Sun Bo abused his position at China Shipbuilding Industry Corp. (CSIC) and broke corporate accounting regulations for the benefit of his own career — a charge that usually refers to falsifying financial records — while causing “significant losses” to the national interest, a local court in Shanghai ruled Thursday, without providing further details. The court found that Sun and his wife had received bribes worth nearly 9 million yuan from 2000 to 2016.
Sun, whose trial took place in March, pleaded guilty and said he would not appeal. The court said it had reduced Sun’s penalties as he had been honest about his crimes and had returned all the bribes.
Sun was previously reported to have also been investigated for leaking national secrets in addition to corruption. The court confirmed Sun's case had involved national secrets, without specifying if he had leaked them.
Chinese authorities announced they were investigating Sun in June 2018, three years after he became the general manager of the shipbuilder and the deputy secretary of its Communist Party committee. He was arrested in January.
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Contact Reporter Zhao Runhua (runhuazhao@caixin.com)