SHANGHAI -- Former chairman of Bright Food (Group) Co., Ltd. stood on trial Friday on charges of embezzlement and accepting bribes.
Wang Zongnan was accused of embezzling 190 million yuan ($31 million) between 2000 and 2006 when he was chairman of Shanghai Lianhua Supermarket Holdings Co., the Shanghai municipal No. 2 intermediate people's court said in a statement.
Wang also held posts of general manager of Shanghai Friendship Group and president of Shanghai Bailian Group between 1999 and 2006 before becoming chairman of Bright Food (Group) Co..
He was also charged with accepting 2.69 million yuan of bribes.
In 2003, Wang's parents bought two villas in Shanghai for 2.1 million yuan, 2.7 million yuan below than the then market price, from a subsidiary of a company their son did a favor for in 2000, said the prosecutor.
The court is to announce the verdict on a later date.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
