Third Former Chairman of Jilin Trust Convicted of Bribery
Another chairman of troubled
Jilin Province Trust Co. Ltd. was found guilty of corruption, extending the state-owned company’s streak of scandals involving every chairman since 2001.
Gao Fubo, chairman of the Jilin-based trust company between 2007 and 2015, was convicted of corruption, bribery and embezzlement, a local court said Tuesday. The court handed Gao a 20-year jail term, a fine of 5.1 million yuan ($794,540) and confiscation of 500,000 yuan of personal assets.
Gao is the third chairman of Jilin Trust to be convicted on corruption charges, and a fourth is awaiting trial. Gao’s predecessor, Zhang Xinbo the company’s chairman between 2001 and 2007 was sentenced to death with a two-year reprieve for corruption in 2009.