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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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