Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

China jails former drug regulatory official for taking bribes - state media

Published 04/01/2017, 00:37
Updated 04/01/2017, 00:40
China jails former drug regulatory official for taking bribes - state media
USD/CNY
-

SHANGHAI (Reuters) - A former official with the China Food and Drug Administration has been jailed for taking bribes from vaccine manufacturers who wanted help with gaining approval for their drugs, the state-owned Legal Evening News newspaper reported on Tuesday.

Yin Hongzhang, the former deputy director of the regulator's drug testing centre, was sentenced to 10 years in prison and fined 500,000 yuan ($71,864.89), the newspaper said. His wife and son earlier received prison sentences for their involvement.

The newspaper said Yin and his family accepted 3.56 million yuan ($511,678.05) in bribes from 2002 to 2015, as well as gifts including ivory products, to help companies in Shanghai, Beijing and other Chinese provinces gain or speed up approvals for vaccines used against SARS and bird flu among others.

In one case, he helped a company smooth the drug approval process because he wanted help with buying and renovating a house. In another, he helped a firm shave at least 3 years off an approval process by allowing it to jump a queue.

Yin was arrested in April 2015, the newspaper said. Reuters was unable to reach Yin for comment.

Yin's sentencing comes as the government has pledged greater scrutiny of vaccines after a scandal broke in 2016 involving nearly $90 million worth of illegal vaccines that were suspected of being sold in dozens of provinces.

In March last year, a mother and daughter in Shandong province were found to have illegally bought vaccines from traders and sold on to hundreds of re-sellers around China.

Since coming to power in late 2012, President Xi Jinping has waged a campaign against corruption. Dozens of senior Communist Party people have been jailed, including Zhou Yongkang, who was once China's powerful domestic security chief, given a life sentence for corruption in 2015.

($1 = 6.9575 Chinese yuan renminbi)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.