Beijing News According to the WeChat news of Shandong Gao Judge, on February 2, 2024, the Binzhou Intermediate People's Court publicly announced the first-instance verdict in the case of Hou Shaoze, the former president of China Development Bank, and sentenced the defendant Hou Shaoze to 13 years in prison and a fine of RMB 3 million for the crime; In accordance with the law, the criminal proceeds and fruits of Hou Shaoze** were recovered and handed over to the state treasury.
After trial, it was ascertained that from August 2000 to January 2016, the defendant Hou Shaoze took advantage of his position as assistant to the mayor and deputy mayor of Weihai City, secretary of the Party Working Committee and director of the Management Committee of Weihai Torch High-tech Industrial Development Zone, deputy director of the International Finance Bureau of the China Development Bank, and deputy secretary of the Party Committee, vice president, and president of the China Development Bank, to seek benefits for relevant units and individuals in applying for support funds and coordinating the issuance of loans, and accepted property from others equivalent to more than 30.78 million yuan.
The Binzhou Intermediate People's Court held that the defendant Hou Shaoze, as a state functionary, took advantage of his position to seek benefits for others and illegally accepted property from others, and his conduct constituted a crime of **, and the amount was particularly huge. In view of the fact that Hou Shaoze has confessed to the circumstances, pleaded guilty and repented, and most of the income and fruits were recovered after the incident, there are statutory and discretionary mitigating circumstances, and he may be given a lighter punishment in accordance with the law. The Court accordingly rendered the judgment.
Edited by Zhao Xi.