新浪财经·2026-01-13 10:24Core Viewpoint - The Shanghai First Intermediate People's Court sentenced Zheng Jianhua, former chairman of Shanghai Electric Group, to death with a two-year reprieve for multiple charges including bribery, embezzlement, and abuse of power, highlighting severe corruption within state-owned enterprises [2][5]. Group 1: Criminal Activities - From 2003 to 2021, Zheng Jianhua utilized his position to solicit or illegally accept bribes totaling over RMB 156 million [4]. - Between 2007 and 2008, he embezzled RMB 2.15 million from company funds [4]. - In the first half of 2018, he misappropriated over RMB 700 million in public funds, which remained unpaid at the time of the case [5]. Group 2: Legal Consequences - The court found Zheng's actions constituted severe crimes, including bribery, embezzlement, misappropriation of public funds, and abuse of power, leading to a significant loss for the state [5]. - Zheng was sentenced to death with a two-year reprieve, along with various prison terms and fines, reflecting the gravity of his offenses [2][5]. - The court considered mitigating factors such as Zheng's confession and the partial recovery of embezzled funds when determining the sentence [5].