受贿、非法经营同类营业,中信集团原副总经理徐佐一审被判无期

Core Points - The Shenyang Intermediate People's Court sentenced Xu Zuo, former deputy general manager of China CITIC Group, to life imprisonment for bribery and illegal business operations, along with confiscation of all personal property [1][3] - Xu Zuo was found guilty of accepting bribes totaling over RMB 147 million from 1999 to 2024 and illegally operating similar businesses while holding senior positions in CITIC Dicastal Co., Ltd. [3][6] - The court acknowledged mitigating factors such as Xu's confession, cooperation with authorities, and full restitution of embezzled funds, which led to a lighter sentence for the bribery charge [3][4] Company Background - Xu Zuo held various senior positions in CITIC Dicastal, including general manager and chairman, and was involved in significant corporate governance roles within China CITIC Group [6] - His career included a nomination for the Chinese Academy of Engineering in 2021, although he did not make the final selection [6] - The Central Commission for Discipline Inspection reported that Xu engaged in serious violations of discipline and law, including conflicts of interest and concealing personal assets [6]

受贿、非法经营同类营业,中信集团原副总经理徐佐一审被判无期 - Reportify