China's top court announces reduced sentences in retrial of home appliance tycoon

By Xinhua – Global times Source:Global Times Published: 2019/4/10 20:53:40

Nation’s top court announces reduced sentences in retrial of home appliance tycoon


Gu Chujun is interviewed in Beijing on April 17, 2013. Photo: VCG



China's Supreme People's Court (SPC) Wednesday announced the sentencing of Gu Chujun, founder and former chairman of Guangdong Kelon Electrical Holdings, to five years in prison for embezzlement. Gu had served the prison term. 

The SPC overturned Gu's original convictions for falsely reporting registered capital, and for falsifying and withholding information.

Gu was arrested in 2005. In 2009, a court ruling by the Guangdong Higher People's Court sentenced him to 10 years in prison. He was also fined 6.8 million yuan ($1.01 million).

"Retrials have become an open class that conveys the positive energy of the rule of law to all of society. The retrial in this case reflects the strong determination of the People's Court to faithfully perform its statutory duties and build a socialist country under the rule of law," the SPC said in a statement posted on Wednesday.

The SPC also overturned the original conviction of Zhang Hong, another defendant in the original case, for allegedly falsifying and withholding information, but it upheld the original judgment of two years in prison for embezzlement with a suspension of two years. The other six defendants in the original case were acquitted. They were all given prison terms of less than four years in the original case.

The SPC said Gu and others falsely reported registered capital, but the act was of relatively small social harm and was not a crime, the court ruled. 

It also said that Kelon falsified sales at the end of 2002, 2003 and 2004, which resulted in false information in its annual reports, but there was not sufficient evidence to show that it seriously harmed shareholders' interests. Hence, Gu and the others should be acquitted of charges. Gu's case was granted a retrial under Article 242 of that law, which states that a retrial may be granted if the original ruling was based on insufficient, illegal or contradictory evidence, or that the application of law was inappropriate.


Newspaper headline: Nation’s top court announces reduced sentences in retrial of home appliance tycoon


Posted in: ECONOMY,COMPANIES

blog comments powered by Disqus