Core Viewpoint - The case represents the first instance of criminal prosecution against corruption in private enterprises under the new legal framework aimed at protecting the private economy in Shanghai, highlighting the equal treatment of private and state-owned enterprise executives in legal matters [1][2][3] Group 1: Case Details - The defendant, Zheng, was the general manager of a lighting company and established a competing company while misappropriating client orders, leading to significant financial losses for the original company [1][2] - Zheng's actions resulted in over 37 million yuan in sales for the new company and caused the original company to lose more than 2 million yuan in operating profits [1][2] Group 2: Legal Proceedings - The Shanghai Jiading District People's Procuratorate charged Zheng with illegal operation of similar businesses, and he voluntarily confessed to his crimes [2] - The court sentenced Zheng to 10 months in prison and a fine of 300,000 yuan, taking into account his confession and compensation for the losses incurred by the original company [2] Group 3: Legal Implications - The case illustrates the application of the Private Economy Promotion Law and the guidelines issued by the Supreme People's Court, ensuring equal legal treatment for executives of different ownership structures [2][3] - The court emphasized the need for clear legal standards in cases involving corruption in private enterprises, ensuring that legitimate market behaviors are not wrongly criminalized [3][4] Group 4: Impact on Private Enterprises - The ruling aims to protect the interests of private enterprises and encourages compliance with laws and regulations among management personnel [4] - The case sets a precedent for the criminal prosecution of high-level executives in private companies, reinforcing the legal framework that governs corporate conduct [3][4]