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Former chairman of Chinese auto maker FAW jailed 11.5 years for taking bribes

( February 10, 2017, 03:26 GMT | Official Statement) -- MLex Summary: Xu Jianyi, a former chairman of China FAW Group Corp., one of China's biggest state-owned automotive makers, has been sentenced to 11.5 years for taking bribes totaling 12.2 million yuan ($1.8 million), while his ill-gotten assets have been confiscated by the Beijing First Intermediate People's Court. Xu was given a relatively light sentence because he admitted his wrongdoing and returned his ill-gotten gains, the Central Commission for Discipline said in a statement.The full statement follows:...

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