The People's Court in Tsindao City of China has condemned the former senior official of the Supervisory and Management Committee of the State asset of the Chinese State Council Luo Lu Yulin, recognizing he committed a major corruption crime and internal trade. This has been reported by central television of China. Luo Yulin was sentenced to death with the delay in the execution of two years. After this period, the penalty will be automatically replaced by a lifetime conclusion without an amnesty or temporary hypertension. He was also deprived of political rights, and all his personal property had to be confiscated and transferred to the State. The court ruled that in the period from 1997 to 2023, the convicted person used his official position to campaign to campaign for the benefit of commercial and individual structures when signing a contract and business management. The total amount of assets collected illegally up to about 220 million yuan (about 30.7 million US dollars). In addition, it was established that in 2013-2014, officially transferred secret information to third parties affecting the stock market, recognized as a aggravating situation, report of NSN radio.
