Former Chinese shipbuilding supremo jailed for 13 years

Former Chinese shipbuilding supremo jailed for 13 years
Sam Chambers December 28, 2023 https://splash247.com/former-chinese-shipbuilding-supremo-jailed-for-13-...

Hu Wenming, the ex-chairman of state-run China Shipbuilding Industry Co (CSIC), has been handed a 13-year jail sentence as well as a $700,000 fine after authorities find him guilty of multiple graft charges over a 20-year period.

Hu had been the most powerful man in China’s shipbuilding industry. He started out from Aviation Industry Corporation of China (AVIC) and was appointed as chairman of CSSC in 2012 and chairman of CSIC in 2015 in state-owned enterprise management swaps arranged by the central government.