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DAI Haibo, former deputy secretary-general of the city government, has been charged with taking bribes and concealing an overseas deposit, the Shanghai People’s Procuratorate said yesterday.
The 54-year-old was accused of taking bribes to seek profits for others and not reporting to authorities that he had overseas bank, stock and funds accounts, involving a large amount of money.
Prosecutors said the offenses were committed between 1999 and 2012 when he was general manager of state-owned Zhangjiang Group, deputy director of Pudong New Area and director of the Shanghai Economic and Information Commission, among other roles.
Shanghai No.1 Intermediate People’s Court will hear the case, prosecutors said.
Dai was investigated for serious disciplinary violations in March, 2015, and was sacked the following month. In August last year, prosecutors began investigating him for suspected graft.
Reportedly, Dai took bribes worth more than 3.24 million yuan (US$478,497) along with more than US$39,000 and HK$300,000 (US$38,685), Chen Xu, chief prosecutor of the Shanghai People’s Prosecutors Office, said in his annual report to the Shanghai People’s Congress in January.
The Caixin Weekly reported in March that Feng Jun, former general manager of State Grid Shanghai Electric Power Co, reported Dai to the authorities.
Feng reportedly confessed his own “close relationship” with Dai shortly after he himself was taken away for graft during an investigation in October, 2014.