New details have recently come to light in the case of Ren Zhiqiang, a second-generation businessman who was sentenced to 18 years in prison for corruption and bribery in China.
According to the Beijing Daily and other Chinese official media, during his ten years in charge of the Huayuan Group, Ren took advantage of his position to embezzle public funds, accept bribes, misappropriate public funds, and abuse his power, causing the state-controlled enterprise to suffer particularly heavy losses, with the total amount involved exceeding 220 million yuan.
The official media also stressed that Ren, along with his son, had amassed a fortune and was still receiving excessive salaries after retirement.
However, according to Taiwan’s Central News Agency, the details released by the official media have been widely questioned by private opinion. One businessman said, “If the details released by the court are true, wouldn’t it prove that the audit conducted when Ren left office was false?
Many in the business community do not believe the official accusations, and still believe that Ren was persecuted for his political statements.
Former senior media personality Datong Li told the media that Ren’s trial was not a normal trial.
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