Feng Quanbing, former chairman of Huihong group, was sentenced for 11 years in the first instance for accepting bribes of more than 9.29 million yuan

category:Finance
 Feng Quanbing, former chairman of Huihong group, was sentenced for 11 years in the first instance for accepting bribes of more than 9.29 million yuan


Zhenjiang intermediate peoples court held that the defendant, Feng Quanbing, as a state functionary, took advantage of his position to seek benefits for others and illegally accepted other peoples property. The amount of money was extremely large, and his behavior had constituted the crime of accepting bribes. In view of the fact that Feng Quanbing, the defendant, could truthfully confess his crime after he arrived at the case, voluntarily confessed most of the bribery facts that the case handling organs had not yet grasped, confessed his guilt, and withdrew all the stolen money, so he could be given a lighter punishment according to law. The court then made the above judgment.

According to the official website of Huihong international, the company was established in December 1996 and was jointly established by several professional foreign trade companies in Jiangsu Province. In December 2015, as a pilot unit for deepening the reform of state-owned enterprises determined by the provincial Party committee and the provincial government, Huihong group took the lead in realizing the overall listing of provincial enterprises. Before the whole listing of Huihong group, it mainly focused on trade business, supplemented by investment and real estate. After the overall listing, three main industries, namely supply chain operation, environmental protection industry, investment and finance, have been identified.