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FCPA Blog Daily News

Entries in Li Xueyuan (1)

Friday
Jul052013

China Corruption Blotter (July 5, 2013)

Kong Fantai, former deputy director of State-owned Assets Supervision and Administration Commission in Shandong Province, was sentenced to 12 years for taking $308,993 in bribes. Kong reportedly helped a Guangdong-based pharmaceutical company win a contract to supply animal vaccines and influenced local SOEs to deposit money with Qilu Bank on behalf of a Shanghai-based investment management firm. Kong also was charged with helping bribe-givers get jobs at SOEs. http://fanfu.people.com.cn

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