According to law, on September 22,2020, the Beijing Second Intermediate People's Court publicly pronounced Ren Zhiqiang, the former chairman of Beijing Huayuan Group Co., Ltd., on suspicion of corruption, bribery, misappropriation of public funds and abuse of power by personnel of state-owned companies.
The court found out, From 2003 to 2017, Making use of the job, corruption public funds 49.74 million yuan; Accepting bribes of more than 1.25 million yuan; Embezzlement of 61.2 million yuan of public funds; Abuse of power resulting in state-owned holding enterprises suffered particularly heavy losses of more than 116.7 million yuan, Among them state-owned shareholder Huayuan group property loss 53.78 million Yuan, Ren Zhiqiang made a personal profit of more than 19.41 million yuan.
According to the court, the defendant Ren Zhiqiang's behavior constitutes corruption crime, bribery crime, embezzlement crime, state-owned company personnel abuse of power crime, should be punished according to law. Since the defendant Ren Zhiqiang voluntarily and truthfully confessed all his crimes, recognized all the facts of the crime accusation, and voluntarily accepted the court's judgment, and all the illegal gains had been recovered, the court adopted the sentencing recommendations of the prosecution organs.
After sentencing, the defendant Ren Zhiqiang in court said that from the court judgment, no appeal.
