AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,599 Increased By 139.8 (0.55%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)

imageBEIJING: A Chinese businesswoman was fined $400 million and given a 20-year prison sentence Tuesday after she was found guilty of colluding with a former rail chief jailed for corruption.

Ding Shumiao had taken two billion yuan ($322 million) in "agent fees" for helping former railways minister Liu Zhijun set up 57 rail projects involving 23 companies, Beijing's No. 2 Intermediate People's Court said.

The 58-year-old also gave Liu 49 million yuan, added a statement posted on the court's verified account on Sina Weibo, a Chinese version of Twitter.

"The evidence was reliable and abundant," the court statement said in detailing the sentence of a 2.5 billion yuan ($400 million) fine and the lengthy prison term.

She had stood trial in September on charges of involvement with illegal business activities worth a total of 186 billion yuan ($30 billion) that were linked to Liu, previous reports said.

They also said that she had arranged sexual favours for the politician.

Ding, who is also known as Ding Yuxin, reportedly started out in business as an egg vendor in the 1980s.

She was pictured in online reports at her sentencing Tuesday wearing a pink sports pullover, flanked by security and looking visibly shaken and upset.

Liu was given a suspended death sentence last July after he was convicted of taking bribes worth 60 million yuan ($9.7 million) linked to rail construction projects.

Communist Party authorities have waged a much-publicised anti-graft campaign since Xi ascended to the organisation's leadership two years ago.

But critics say no systemic reforms have been introduced to increase transparency to help battle endemic corruption.

Copyright AFP (Agence France-Presse), 2014

Comments

Comments are closed.