Xu Baoyi, former deputy general manager of China National Grain Reserve, accepted bribes, dereliction of duty on the part of the staff of the state-owned company, and sentenced in the first instance of the insider trading case.

Xinhua News Agency, June 13, the Intermediate people's Court of Datong City, Shanxi Province publicly sentenced Xu Baoyi, former member of the party group and deputy general manager of China Reserve Grain Management Group Co., Ltd., in the case of bribery, dereliction of duty and insider trading, and sentenced the defendant Xu Baoyi to 11 years in prison for the crime of accepting bribes. And imposed a fine of RMB 1.3 million. He was sentenced to four years' imprisonment for dereliction of duty by an employee of a state-owned company, six years' imprisonment and a fine of 1,000 yuan for insider trading, and decided to be sentenced to 17 years' imprisonment and a fine of 1.301 million yuan. The property obtained from Xu Baoyi's bribery and its fruits shall be recovered in accordance with the law and handed over to the state treasury.