CCTV News: According to the Supreme People's Procuratorate, the case of Li Quan, former Party Secretary and Chairman of Xinhua Life Insurance Co., Ltd., suspected of embezzlement and bribery, was investigated and prosecuted by the National Supervisory Commission. After being designated by the Supreme People's Procuratorate, it was reviewed and prosecuted by the Jinan Municipal People's Procuratorate of Shandong Province. Recently, the Jinan Municipal People's Procuratorate has filed a public prosecution with the Jinan Intermediate People's Court.
At the stage of review and prosecution, the procuratorate informed the defendant Li Quan of the litigation rights in accordance with the law, interrogated the defendant, and listened to the opinions of the defense lawyer. The procuratorate prosecution alleges that the defendant Li Quan used his position as president and chairman of Xinhua Asset Management Co., Ltd. and chairman of Xinhua Asset Management (Hong Kong) Co., Ltd. to illegally take over the property of the unit for himself, in a very large amount, and caused particularly serious losses to the interests of the state and the people; he used his position as president, vice chairman and chairman of Xinhua Asset Management Co., Ltd., and chairman of Xinhua Asset Management (Hong Kong) Co., Ltd. to seek benefits for others and illegally accept property from others, in a very large amount, and he should be held criminally responsible for the crimes of embezzlement and bribery in accordance with the law.
