Former COFCO deputy general manager Zhou Zheng faces trial for bribery, embezzlement, and abuse of power, admitting guilt and expressing remorse.
Zhou Zheng, former deputy general manager of China's COFCO Corporation, faced trial on October 17 for bribery, embezzlement, and abuse of power. Prosecutors claim he took bribes exceeding 6.05 million yuan ($849,000) while misusing his position from 1998 to 2023 to assist others in contracting and promotions. He also allegedly embezzled over 2.41 million yuan and caused a loss of over 101 million yuan in state assets. Zhou pleaded guilty and expressed remorse.
October 17, 2024
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