Former Hudong Zhonghua president gets 13-year jail sentence

Former Hudong Zhonghua president gets 13-year jail sentence

A Shanghai court has sentenced Gu Tiquan, former president of CSSC-affiliated shipyard Hudong Zhonghua Shipbuilding, to jail for 13 years for corruption charges.

Gu, along with Shu Fanghao, former assistant of general manager at CSSC’s Jiangnan Changxing Shipyard, were detained by authorities in 2014 for corruption investigations.

It was found that Gu took bribesof RMB5.34m ($805,000) and embezzled RMB520,000 during his service period at Hudong Zhonghua and Jiangnan Shipyard.

China’s anti-corruption sweep of state-run companies have taken down several officials at shipbuilding companies. Liu Changhong, former head of discipline of CSIC, was sacked and detained by authorities in November 2016 for alleged corruption activities. Geng Xinhua, former vice general manager of China Shipping Industry (Jiangsu), was also arrested in March for corruption investigations.

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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