Core Viewpoint - The Qingdao Intermediate People's Court sentenced former Vice Minister of the State-owned Assets Supervision and Administration Commission, Luo Yulin, to death with a two-year reprieve for bribery and insider trading, highlighting severe consequences for corruption in state-owned enterprises [1][3]. Summary by Sections Bribery Case - Luo Yulin was found guilty of accepting bribes totaling over 220 million RMB from 1997 to 2023 while holding various high-ranking positions, including Director of the Qinghai Provincial State-owned Assets Management Bureau and Vice Governor of Qinghai Province [2][3]. - The court emphasized the particularly large amount of bribes and the severe social impact of Luo's actions, which caused significant losses to the state and the public [3]. Insider Trading Case - Between 2013 and 2014, Luo engaged in insider trading by informing others to conduct transactions based on undisclosed information that significantly affected stock prices, with the court noting the particularly serious nature of this crime [2][3]. - The court ruled that both the bribery and insider trading constituted serious offenses warranting severe penalties, leading to a combined sentence [3]. Sentencing Details - The court's decision included a life sentence after a two-year reprieve of the death penalty, with no possibility of parole or reduction in sentence, reflecting the gravity of the crimes committed [1][3]. - Luo's cooperation with authorities, including confessing to crimes and returning a significant portion of the illicit gains, was considered in the sentencing, allowing for a reprieve of the death penalty [3].
骆玉林,一审被判死缓
财联社·2025-07-14 09:11