The Shanghai government’s former deputy secretary-general admitted taking bribes and concealing cash deposits when he appeared at the Shanghai No. 1 Intermediate People’s Court yesterday (March 16 2017).
Dai Haibo, 54, received bribes of more than 9.9 million yuan (US$1.4 million) between 1998 and 2015 when he was general manager of the state-owned Zhangjiang Group, deputy director of the Pudong New Area and director of the Shanghai Economic and Information Commission, among other roles.
He also concealed cash, funds and stocks worth nearly 1.58 million yuan in a bank account in Hong Kong.
The full original article can be found at china.org.cn