The verdicts in a trial of three former executives of Yunnan Copper Group were announced on Monday, with former deputy manager Yu Weiping (余卫平) receiving the death sentence for his role in a corruption scandal that has tarnished the image of one of Yunnan's largest companies.
Yu was ordered to die by the Kunming Intermediate People's Court for reportedly accepting bribes totaling more than US$4 million and embezzling more than 41 million yuan while at Yunnan Copper. Yu also reportedly misappropriated 27 million yuan in company funds, which he lent to others.
Yu's former boss Zou Shaolu (邹韶禄), who had served as Yunnan Copper's general manager, was found guilty of taking more than 19 million in bribes between 2003 and 2007. Zou was reportedly spared execution because he had turned himself in to authorities.
Wang Jianwei (汪建伟), a former general manager of a Yunnan Copper-affiliated property company was given 20 years in jail for allegedly accepting more than four million yuan in bribes.
In 2007, the Yunnan Provincial Enterprise Association named Yunnan Copper Group the province's second-strongest company after tobacco giant Hongta Group. The company employs approximately 20,000 and recorded sales of 39.2 billion yuan in 2007.© Copyright 2005-2022 GoKunming.com all rights reserved. This material may not be republished, rewritten or redistributed without permission.