Former Guangxin Shipbuilding boss gets 10 years jail for corruption

Former Guangxin Shipbuilding boss gets 10 years jail for corruption

Former president of Guangxin Shipbuilding & Heavy Industry, Li Tongan, has been sentenced by Guangzhou Intermediate People’s Court to 10 years prison.

Li was charged with taking bribes worth RMB5.16m ($776,000) in total in several ship acquisition deals when he was general manager of Guangdong Machinery Import & Export Corporation and in procurement deals during his time as president of Guangxin Shipbuilding.

Li was not satisfied with the verdict and decided to appeal, as he believed he should get a lighter punishment given his voluntary surrender.

Guangxin Shipbuilding is an offshore yard in South China with major focus on offshore working and service vessels .

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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