Guangzhou Secondary People's Court has held a public court hearing on Chen Limin, former director of the Finance Department of China Southern, who has been accused of embezzlement, corruption and bribery.
According to the legal department, by taking advantage of his position and duties, Chen received RMB53.67 million in bribery funds, possessed more than RMB12 million public funds for his own and embezzled RMB1.19 billion from August 2001 to July 2005 when he was identified.
Along with Chen, some others including Peng Anfa, former deputy general manager of China Southern, and Han Xiaojun, a person in charge of Hantang Securities' Guangzhou headquarters, have also been identified by the court as accomplices. The former is accused of embezzling money and the latter of offering bribes.
Chen has denied all of the accusations against him. The case is being processed at the court and a decision shyould be reached soon.
