According to a recent update from the Supreme People’s Procuratorate’s official Weibo account, Li Chaokun, the former chairman of China Shipbuilding Group Finance Co., has been indicted on charges of bribery. The Shanghai People’s Procuratorate’s Second Branch has officially filed the case with the Shanghai Second Intermediate People’s Court, and the matter is currently under further investigation.
During the prosecution phase, the legal rights of the defendant, Li Chaokun, were communicated to him, and he was interrogated by the authorities, with his defense counsel also providing input. The indictment outlines that between 2013 and 2024, Li Chaokun allegedly took advantage of his positions—serving as general manager and chairman of China Shipbuilding Finance, as well as general manager and chairman of China Ship Investment Development Co., among other roles. He is accused of accepting others’ requests for assistance in various areas, including selecting auditing partners, purchasing financial products, making project investments, conducting banking operations, and procuring goods. It is claimed that he illegally received significant amounts of money and property in return, which constitutes a serious violation warranting criminal charges for bribery.
