560 charged in embezzlement cases so far this year
More than than 560 people involved in 369 embezzlement cases have been charged by local prosecutors so far this year, the Shanghai People's Procuratorate said on Thursday.
In one case, a man, surnamed Gong, served as an executive at a subsidiary of a comprehensive group between March 2011 and May 2017. He was responsible for the company's management works such as account settlement, project approval and attracting investment.
In June 2013, he asked Cui, the general manager of a gardening company which contracted his greenery project, to apply for a gold card from the bank for him to use, which requires 100,000 yuan (US$14,287) as a deposit to open the account. Gong told the company's deputy general manager Gao to do the same.
In March 2016, Gong asked Cui to give him 50,000 yuan by bank transfer.
Moreover, in March and June 2016, Gong took 400,000 yuan from a construction contractor Guo via his relative's bank account. Between May 2015 and August 2016, Gong received 220,000 yuan from Xu who borrowed his company's house.
The group later detected Gong's embezzlement during its internal review and reported it to police. Gong was sentenced to three years in jail for taking bribes this month.
In another case, Li took advantage of his managerial position with a new energy investment and development company to forge documents and cheat six customers that he could help to free some energy fees for them.
He asked to transfer over 19 million yuan to four company bank accounts as "consulting fees" and took over 14.6 million yuan from these accounts, which caused a 60-million-yuan loss to the company.
Between May 2014 and September 2018, Li took more than 1.6 million yuan bribes from a supplier and sought profits for him.
In November last year, Li confessed to his embezzlement and returned some 756,300 yuan.
He was sentenced to 12 years in jail for embezzlement and taking bribes in July this year with 100,000 yuan confiscated.