Core Viewpoint - The case of Xu Zuo, former deputy general manager of China CITIC Group, highlights significant corruption and illegal business operations within the company, resulting in severe legal consequences for the individual involved [1][2]. Group 1: Legal Proceedings - On December 12, 2025, the Shenyang Intermediate People's Court sentenced Xu Zuo to life imprisonment for bribery and illegal business operations, along with the confiscation of all personal assets [1]. - The court found that from 1999 to 2024, Xu Zuo illegally accepted bribes totaling over 147 million RMB while holding various positions within CITIC Dicastal Co., Ltd. and China CITIC Group [1][2]. - The court also noted that Xu Zuo's illegal business operations from 2012 to 2024 generated particularly large profits, further aggravating his offenses [1][2]. Group 2: Court's Rationale - The court determined that Xu Zuo's actions constituted both bribery and illegal business operations, causing significant losses to the state and public interests [2]. - Factors such as attempted bribery, truthful confession, and active restitution of embezzled funds were considered for a lighter sentence on the bribery charge [2]. - The trial was publicly attended by over thirty representatives from various sectors, indicating the case's significance and public interest [2].
中信集团原副总经理徐佐受贿、非法经营同类营业案一审宣判
券商中国·2025-12-12 09:24