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Ex-China Finance Official Admits Bribery

DIRTY MONEY

Took $5.9 million.

cheats/2014/09/24/ex-china-finance-official-admits-bribery/140924-tienan-bribe-cheat_i4tnmk
Reuters

Liu Tienan, the former deputy chief of China’s economic planning agency, pleaded guilty to taking bribes in court on Wednesday. The admission came at the conclusion of his one-day trial, a sign of Chinese President Xi Jinping’s continued crackdown on corruption. “Faced with the facts, I have been asking myself every time I read the indictment, is this me? How did I end up like this?” he said, according to court transcripts. “Each morning as I wake up, I wonder where I am and how I have fallen into this state of depravation.” Liu allegedly took 36 million yuan ($5.9 million) in bribes from petrochemical and automobile firms from 2002 to 2012. The court said the final verdict will be announced at a later date. Liu could face 10 years to life in prison.

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