Ding Ruopeng, former director of Heilongjiang Provincial Branch
of China Securities Regulatory Commission (CSRC), has been
prosecuted for bribe-taking allegations.
It is alleged Ding took in bribes totaling US$157,500 in three
separate occasions during and after his tenure as chief of CSRC
Heilongjiang Provincial Branch from 1997 to 2005, according to
information from the office with the Heilongjiang Provincial
Leading Group of Commercial Bribe Prevention and Control.
During his tenure as the director of CSRC Heilongjiang
provincial Branch, Ding was responsible for investigating and
handling misappropriation of clients' guarantee fund by Beiya
Industrial (Group) Co Ltd, a local company engaged in railway
freight and passenger transport and development of rail high-tech
commodities.
In return for Ding's assistance in the process of investigation
and the issue of new shares, chairman of Beiya Industrial, who was
only identified by his surname as Liu, promised to buy an apartment
in Beijing for Ding after the latter retired from his post of
leadership.
Ding was dismissed by his post In September 2005 but was soon
appointed as an inspector. To honor his promise, Liu, who first
sought Ding's opinion, gave 1.02 million yuan (about US$127,500) to
Ding's son for purchase of an apartment in a residential quarter in
Beijing last March.
In the latter half of 2003, the general manager of Dongfei
Tongyuan Construction and Decoration Company in Heilongjiang,
identified by his surname as Yang, turned to Ding, asking Ding to
help him secure a decoration project of a real estate company owned
by Beiya Industrial. Ding obliged.
Yang rewarded Ding with US$10,000 in cash at the end of 2003 in
return for Ding's help.
Deputy general manager of Northeast China Freeways Co.,
identified only by his surname as Li, sought help from Ding in
April 2003 over an incident in which a subsidiary of Northeast
China Freeways Co, with headquarters in Changchun, the provincial
capital of Jilin Province, was dealt with for speculating in
futures business.
Li asked Ding to do some coordination with authorities of
relevant departments of CSRC and gave Ding US$20,000 in cash.
(Xinhua News Agency February 12, 2007)