Ex-Sinochem GM jailed for graft
By AFP
December 27, 2018
BEIJING: A Chinese court sentenced the former general manager of Sinochem Group to 12 years in prison for graft, official media reported Wednesday, the latest state-owned enterprise executive to be caught up in a sweeping crackdown on corruption. Cai Xiyou, who headed the Chinese energy and chemicals conglomerate, was charged with abusing his position to amass ill-gotten gains worth 53.7 million yuan, the state-run Xinhua news agency said. The court in China’s eastern Shandong province also slapped a 3 million yuan fine on Cai in addition to the prison sentence.
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