Friday, October 30, 2020

Former academic journal editor gets 10 years for bribery


The former editor-in-chief of a state-affiliated academic journal has been sentenced to 10 years in prison for publishing articles in exchange for money, financial news outlet Caixin reported Friday.

Wan Shitong of Xinwen Qianxian, or The Press — a journal affiliated with state-run newspaper People’s Daily — was handed the prison sentence along with a 500,000 yuan ($73,000) fine for accepting bribes, according to the media report. He had received more than 8.24 million yuan for “providing assistance” to publish over 900 articles in the journal between April 2014 and July 2019.

The news was first reported Friday by a newspaper run by the Central Commission for Discipline Inspection, the country’s top discipline watchdog. The nature of the articles published in exchange for money remains unclear.

According to the verdict a Beijing court made public earlier this month, Wan had accepted bribes from several people over the years. Between July 2016 and July 2019, he had received 4.2 million yuan in cash from an individual surnamed Geng to help others at The Press, founded by People’s Daily in 1957, publish more than 400 articles.

- Advertisement -

Wan, who had been with the journal since 1993, was investigated by Beijing’s supervisory commission last August before being arrested in December on suspicion of accepting bribes. A local prosecutor had accused Wan of using the money he received to buy assets and pad his personal finances.

The court’s verdict, reached in April, said the money Wan amassed through illegal means had been confiscated.

- Advertisement -
- Advertisement -


FirstEnergy fires CEO, other executives over Ohio bribery scandal

FirstEnergy Corp. has fired its CEO amid multiple federal investigations related to an Ohio nuclear bailout law passed year. The Akron-based utility company announced in a...

Ukraine’s court strips critical power from anti-corruption agency

Ukraine's Constitutional Court has stripped the country’s anti-corruption agency of some of its critical powers. The high court’s ruling published on October 28 declared it...

Former South Korean President Lee Myung-bak sent back to prison for 17 years in corruption case

Former South Korean president Lee Myung-bak was ordered back to prison on Thursday (Oct 29) as the country's Supreme Court upheld a 17-year jail...

Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...

South Korea’s former Vice Justice Minister sentenced to jail for bribery and sexual favors

Former Vice Justice Minister Kim Hak-eui, the figure at the center of one of Korea’s biggest political sex scandals, was placed under pretrial detention...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World


Latest News

This Week

Namibia probes oil firm Acer petroleum over bribes paid to government officials

THE mines and energy ministry says it is investigating allegations that an oil company bribed some senior officials to fast-track licence applications. The senior officials...

Indonesia sentenced stockbroker to life over fraudulent investment scheme

Renowned stockbroker Benny Tjokrosaputro was sentenced to life by the Jakarta Anticorruption Court on Monday evening for his role in a major graft scandal...

Bribery trial of former San Angelo police chief Tim Vasquez delayed until 2021

The trial of former San Angelo police chief Tim Vasquez will not happen until 2021, according to court documents. The trial, originally set for...

Taiwan’s UMC fined $60m for theft of trade secret to help Chinese chipmaker

Taiwan’s UMC has pleaded guilty to trade secret theft in the United States and will pay a $60 million fine in a case where...

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks