Image source: visual China
On May 2, 2017, Chongqing No. 4 Intermediate People’s Court accepted Liu Qi, Xiong Wei, director of the former Chongqing Development and Reform Commission’s fund balance Department, high-tech industry department, and urban-rural comprehensive supporting reform office, yang Yang was suspected of accepting bribes of 0.26149 billion yuan jointly and individually.
The public prosecution agency accused: from May, 2008 to October, 2013, the defendant Liu Qi served as the director of the capital balance department of Chongqing Municipal Development and Reform Commission, and had the power to issue, supervise, examine and transfer corporate bonds in the city. Liu Qi and the defendant Xiong Wei are lovers. The defendant Yang Yang is the brother of Xiong Wei’s husband Yang and the legal representative of Chongqing Ruidong Investment Consulting Co., Ltd. Since 2009, Liu Qi has taken advantage of his position to accept bribes of more than 261.49 million yuan alone or together with Xiong Wei and Yang Yang. Among them: 1. Liu Qi, Xiong Wei and Yang Yang jointly accepted more than 257.09 million yuan. They are:(1) the names of five investment consulting companies and financial consulting companies funded by Xiong Wei by the three defendants are Guoxin Securities Co., Ltd., Guangzhou Securities Co., Ltd, 7 securities companies such as Chinalion Securities Co., Ltd. contracted the underwriting business of corporate bonds to provide help, and jointly illegally accepted more than 209.79 million yuan from the aforementioned securities companies;(2) the three defendants named three investment consulting companies funded by Xiong Wei, Chongqing Dazu state assets management Management Group Co., Ltd., Chongqing Shuangqiao Economic and Technological Development Investment Group Co., Ltd, five bond issuing enterprises such as Chongqing Wansheng Economic and Technological Development Zone Development and Investment Group Co., Ltd. provided help in improving credit rating and issuing corporate bonds, and jointly illegally accepted bribes of 47.3 million yuan. 2. Liu Qi accepts bribes separately for 4.4 million yuan. Liu Qi took advantage of his position to help Deng in the underwriting business of corporate bonds undertaken by securities companies and illegally took bribes of 4.4 million yuan.
The public prosecution agency accused that the actions of the three defendants had violated the relevant provisions of Article 3885 and article 3686 of the Criminal Law of the People’s Republic of China, and criminal responsibility should be investigated for bribery. In joint crime, Liu Qi and Xiong Wei play a major role and are the principal criminals; Yang Yang plays a secondary role and is an accessory.
After the fourth central court of the city accepted the case, it confirmed the judge undertaking the case on the same day and served a copy of the indictment to the three defendants. All the three defendants did not apply for the exclusion of illegal evidence and said they had entrusted defense lawyers.
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Photo source: Vision China on May 2, 2017, Chongqing No. 4 Intermediate People’s Court accepted the fund balance office, high-tech industry department, former Chongqing Development and Reform Commission, liu Qi, director of the reform pilot division of the office of urban and rural comprehensive supporting reform