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privatization, misappropriation of state assets worth over 280 million yuan out of reach. Zhang Xinhua because it is the principal case, this amount becomes the amount of his alleged corruption.Bribery Involving the transfer of land developers received nearly billionProsecutors said, from between June 1998 to May 2013, Zhang Xinhua served as general manager and other positions during the clouds.
his 20-year-old rural origin to enter college after graduating from Baiyun company, once a person responsible for pesticide sales traveled half Chinese, half time for the loss of production company leapt full Group profit first. With extraordinary talent, Zhang Xinhua 32-year-old out of Ren Baiyun company vice president, 36 years old when the general manager, became the company's legend.Zhang Xinhua sacked after discipline inspection departments to confess, saying he did not in the career because of too much hope, to think of compensation from the money. Watching the scenery around those bosses than their own, and their capabilities are stronger than them, "Think it can not be reconciled, must be their own boss." Evaluation of the discipline inspection departments, Zhang Xinhua in an imbalance of mind, began a frenzied money-making road.2003, Zhang Xinhua and other management personnel regardless of the views of superiors not approve of, illegal establishment of a company called Hirota Property (hereinafter referred to as "Hirota") of the Company.Prosecutors said Zhang Xinhua, who under the guise of the name of SOEs through fictitious debt, undervalued assets, concealment means claims, false litigation, alleged the company and its subsidiaries will Baiyun large number of plots, property assets, the company illegally transferred to Hirota name. But Zhang Xinhua said they set up just for hosting clouds Hirota company's assets and property.2006, Zhang Xinhua and other middle-level cadres also set up a new company called New Amada private companies. Prosecutors believe that Zhang Xinhua, who has constantly Hirota company hosted a large number of state-owned assets, through false lawsuits, low-cost way to assess the transfer of the auction, misappropriation to by Zhang Xinhua, and his wife, who accounted for the major share of the new company Amada.After the incident by accounting professional bodies to identify and evaluate, Zhang Xinhua, who investigators believe that the transfer of authority from the Baiyun companies.
you can have a one-time home of the fund raised."This edition except for signature articles, by reporter Xu Haibo, Chen Liang, YE Feng, Wu Meng Da, Zhang Lina, Yang Shao Gong, Wang Haoming written(Original title: fund was now lost layers of predatory blFormer general manager of Guangzhou City Industry and Commerce  United Company (hereinafter referred to as "clouds Company") Zhang Xinhua, originally only person in charge of state-owned enterprises, their position and the level is not high, but after June 2013 checked sacked disclose authorities handling The amount of corruption has hit its record of corruption of public officials in Guangzhou. Zhang Xinhua is one of the named Guangzhou Discipline "naked officials" corrupt representatives.Zhang Xinhua yesterday in Guangzhou City Intermediate Court for trial, the prosecution called the alleged corruption amount of up to more than 280 million yuan; suspected of accepting bribes totaling more than 97.8 million yuan, HK $ 2.38 million yuan. Plus corruption and bribery, both close to 400 million yuan. Currently the case is still under further investigation.Corruption Corruption involving the transfer of state-owned assets over 280 million yuanWhen the man was 52 years old Zhang Xinhua Guangzhou again in public view, he was wearing a prison uniform, hands and feet wearing handcuffs, has gray hair.It is reported that Zhang Xinhua sacked before once considered bloomer.
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