e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Weekly Watch
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

PEOPLE & POINTS
Weekly Watch> WEEKLY WATCH NO. 24, 2010> PEOPLE & POINTS
UPDATED: June 11, 2010 NO. 24 JUNE 17. 2010
Corrupt Officials
Share

Xu Mangang (FILE)

Zuo Lin (FILE)

Two former senior officials with the State Administration of Foreign Exchange (SAFE) have been handed jail terms on bribery charges.

Xu Mangang, former Director of the Supervision and Inspection Department, has been sentenced to 12 years imprisonment for taking 3 million yuan ($439,368) in bribes between 2005 and 2008 in return for helping three businesses involved in illegal foreign exchange deals circumvent investigations against them.

Xu, 42, joined SAFE in 1989. He participated in drafting the Foreign Exchange System Regulations, People's Bank of China Law, Commercial Bank Law and a number of rules concerning foreign exchange process.

Zou Lin, former spokesman and Director of the General Affairs Department of SAFE, received six years for taking 550,000 yuan ($80,527) in bribes in a separate case.

Zou, 42, joined SAFE in 1988. He had headed the administration's Balance of Payments Department, Capital Accounts Management Department and General Affairs Department and was appointed its spokesman in late 2008. He was among drafters of the Administrative Measures for the Provision of Foreign Guarantees by Domestic Institutions and Procedures on the Administration of Borrowing of International Commercial Loans.



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved