Yang Shi Wang·2025-08-21 10:30Core Viewpoint - The case of Li Fan, former Party Secretary and General Manager of Everbright Technology Co., Ltd., highlights significant corruption within the company, resulting in a prison sentence and financial penalties for the individual involved [1][3]. Group 1: Case Details - Li Fan was sentenced to ten years and six months in prison for accepting bribes totaling over 15.66 million RMB from 2011 to 2020 [3]. - The court found that Li Fan used his positions in China Everbright Bank's Information Technology Department and Everbright Technology to facilitate project implementations and fund disbursements in exchange for illegal benefits [3]. - The court acknowledged mitigating factors such as Li Fan's confession, cooperation with authorities, and full restitution of the embezzled funds, leading to a lighter sentence [3]. Group 2: Legal and Financial Implications - The court ordered Li Fan to pay a fine of 1 million RMB and mandated the recovery of all illicit gains, which will be turned over to the national treasury [1][3]. - The ruling emphasizes the legal consequences of corruption in state-owned enterprises, potentially impacting the reputation and operational integrity of Everbright Technology [3].