Mexican Media Brands
Senior Chinese Official Charged with Taking Bribes from Carmaker
A high-level Chinese regulatory official and his son been accused of accepting nearly 37 million yuan ($5.8 million) in bribes from Guangzhou Automobile Group Co., Bloomberg News reports.
#regulations
Share
A high-level Chinese regulatory official and his son been accused of accepting nearly 37 million yuan ($5.8 million) in bribes from Guangzhou Automobile Group Co., Bloomberg News reports.
The charges say the payoffs were intended to facilitate approvals for car and component projects planned by Guangzhou Auto's joint venture with Toyota Motor Corp. Payments also involved kickbacks to approve a Toyota dealership.
The case involves Liu Tienan, former deputy head of China's National Development and Reform Commission, and his son Liu Decheng. The charges say the two took bribes between 2002 and 2012, including a 1.2 million-yuan ($196,000) salary for the son for a job at Guangzhou Auto that he didn't perform.
Liu was removed from his position at the NDRC, which approves infrastructure projects, in May 2013. Bloomberg notes that the Communist Party's internal policing unit said at the time that Liu was the target of an investigation.
RELATED CONTENT
-
Self-Driving Chevy Bolt Ticketed for Driving Too Close to Pedestrian
Police in San Francisco ticketed the backup driver in a self-driving Chevrolet Bolt for allowing the car to drive too close to a pedestrian in a crosswalk in San Francisco.
-
Toyota Targets 2021 Launch for V2V Tech in U.S.
Toyota Motor Corp. plans to expand its vehicle-to-vehicle communication technology to the U.S. by 2021 and offer it across most Toyota and Lexus models in the country by mid-decade.
-
Tesla Maxes Out on Tax Credit as U.S. Sales Reach 200,000
Tesla Inc. says it will deliver its 200,000th electric vehicle in the U.S. this month, thereby triggering a phase-out of the $7,500 federal tax credit its vehicles have enjoyed.