Former vice-governor of the eastern Anhui province, Zhou Chunyu has received a jail term of 20 years and a fine of 361 million yuan ($53.7 million) for corruption at a local court on Friday. Concise News reports that the 50-year-old was convicted of taking bribes, concealing overseas deposits, abusing power, and insider trading, according to the Jinan Intermediate People’s Court’s verdict in Shandong province.
Zhou has decided against appealing.
According to the verdict, Zhou took advantage of various positions, including deputy director of the Anhui provincial finance department and mayor of both Maanshan and Bengbu, both in Anhui, to gain benefits for others in enterprise acquisition and bidding for projects.
It was further found that he accepted bribes worth about 13.65 million yuan from 1996 to 2017.
Read the original article here: concisenews.global
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