life imprisonment! Former Vice Governor of Hubei Province Cao Guangjing sentenced in first instance for accepting bribes and leaking inside information
On May 24, 2024, the Intermediate People's Court of Xuzhou City, Jiangsu Province publicly sentenced Cao Guangjing, a former party member and deputy governor of the Hubei Provincial People's Government, for accepting bribes and leaking inside information in the first instance. The defendant Cao Guangjing was sentenced to life imprisonment for accepting bribes and deprived of political power. Rights for life, and all personal property shall be confiscated. For the crime of leaking inside information, he shall be sentenced to six years in prison and fined RMB 12 million. It is decided to execute life imprisonment, deprived of political rights for life, and all personal property shall be confiscated; The stolen money, stolen property and interest seized will be recovered in accordance with the law and turned over to the state treasury.
The trial found that: from 2004 to 2022, the defendant Cao Guangjing took advantage of his position as deputy general manager of China Three Gorges Engineering Development Corporation, deputy general manager and chairman of China Three Gorges Corporation, and deputy governor of Hubei Province. As well as the convenient conditions for the formation of authority or status, it provided assistance to relevant units and individuals in business operations, project contracting, project development and other matters, and illegally accepted property from the above-mentioned units and individuals, equivalent to a total of more than 216 million yuan. When Cao Guangjing was the deputy governor of Hubei Province, he led the bailout and reorganization of the holding company of a listed company in Hubei Province. In January 2021, Cao Guangjing disclosed the inside information about the bailout and restructuring to others, causing others to buy the shares of the listed company before the inside information was made public, and then sold the shares for a profit of more than 10.42 million yuan.
The Xuzhou Intermediate People's Court held that the defendant Cao Guangjing's behavior constituted the crime of accepting bribes and leaking inside information. The amount of bribes accepted was particularly huge, and the circumstances of leaking inside information were particularly serious, and both should be punished in accordance with the law. In view of the fact that Cao Guangjing surrendered and some of the bribery crimes were attempted, he confessed and repented, and actively returned the stolen goods. All the stolen money, stolen goods and interest have been recovered, and he can be given a lighter punishment according to the law. The court then made the above judgment.
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