close
close

Chip-Making Company Head sentenced to death for embezzlement

Zhao WeiGuo, former chairman of Tsinghua Unigroup, a large Chinese manufacturer of Integrated Circuit and a giant in the chip-makeing world, was sentenced to death with a two-year exhaustion on crimes of the bush. He provided illegal profits for relatives and friends who provided the interests of the companies listed by a court in the province of Jilin in Jilin in Jilin Province on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday.

From 2018 to 2021, which took advantage of his position as chairman of Tsinghua Unigroup, ZHAO conspired with a certain individual Li Luyuan to have a company that was checked by Li purchase properties at a low price, which was bought by Zeigerhua-Ungroups from $ 2005. Millions), said the Jilin City's intermediate population in an explanation.

From 2014 to 2021, ZHAO, outside of the court, trusted with the company's profitable business activities of his company to certain people who were clearly about the market price, and led to a direct economic loss for the state over 890 million Yuan, according to the court.

It also added that ZHAO also taught directors of a listed company in 2019, which, under his control over company projects at a company managed by Li, was led under the market value under the market value, which meant that the listed company suffers an economic loss of over 46.45 million Yuan.

ZHAO's suspension amount is particularly large and leads to considerable losses in national interests, which justifies the death penalty. He has caused significant losses against national interests by illegally benefiting for relatives and friends and revealing trust and damage to the interests of a listed company and also leading to significant losses, the court said.

In view of the fact that Zhao had truthfully confessed to his crimes, when he was put on trial, there were voluntarily aspects of the crimes that were not known to the investigative authorities, and actively showed the attacked funds and properties that were all restored, and considerable merit behavior was shown.

For the crimes to make illegal profits for relatives and friends and to betray the trust and to violate the interests of a listed company, an easier punishment can be taken into account. The court hereby set the judgment, added.

Leave a Comment