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Sudden! Former vice president of SAIC was arrested

2024-09-17 Update From: AutoBeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)09/04 Report--

According to the official account of the Supreme people's Procuratorate, the case of Chen Demei, former vice president of Shanghai Automobile Group Co., Ltd., suspected of accepting bribes and illegally making profits for relatives and friends was investigated and concluded by the Shanghai Municipal Supervisory Commission and transferred to the procuratorial organs for examination and prosecution. A few days ago, the first Branch of the Shanghai Municipal people's Procuratorate announced on September 2 that Chen Demei had been arrested on suspicion of accepting bribes and illegally making profits for relatives and friends.

According to the data, Chen Demei was born in October 1962, a member of the Communist Party of China, a graduate student, a master of business administration and a senior economist. He was the deputy manager and manager of the economic operation department of Shanghai Automotive Industry (Group) Corporation, the manager of the economic operation department and the manager of the quality and economic operation department of Shanghai Automobile Group Co., Ltd., and the executive director of the quality and economic operation department of Shanghai Automotive Industry (Group) Corporation. Deputy Chief Economist of Shanghai Automobile Group Co., Ltd., General Manager of Shanghai Huizhong Automobile Manufacturing Co., Ltd., General Manager of Shanghai Wanzhong Auto parts Co., Ltd., Vice President of Shanghai Automotive Industry (Group) Corporation and General Manager of Automobile Service Trade Division. In January 2012, Chen Demei was appointed Vice President of Shanghai Automobile Group Co., Ltd. In April 2023, Chen Demei resigned as vice president because of her retirement age.

In April 2024, according to the Supervisory Commission of the Shanghai discipline Inspection Commission, Chen Demei, former vice president of Shanghai Automobile Group Co., Ltd., is currently under disciplinary examination and supervision investigation by the Supervisory Commission of the Shanghai discipline Inspection Commission on suspicion of serious violations of discipline and law. In August 2024, the Supervisory Commission of the Shanghai Municipal Commission for discipline Inspection informed that Chen Demei, former vice president of Shanghai Automobile Group Co., Ltd., was expelled from the party and his retirement treatment was cancelled.

According to the report, after investigation, Chen Demei, as a leading cadre of party members in state-owned enterprises, lost her ideals and beliefs, abandoned her original mission, ignored the spirit of the eight regulations of the central government, illegally accepted gifts and money, and illegally went in and out of places with the nature of a private clubhouse; violated organizational principles, concealed not reporting her son's business and business and his actual stock holdings, and sought benefits for others in the employment of staff and workers. There is no distinction between "pro" and "clear" political and business relations, accept banquets for a long time, engage in profit-making activities in violation of regulations, make use of their powers and powers to carry out business activities for their sons and help their wives to absorb deposits, interfere with and interfere in the business activities of subordinate enterprises in violation of work requirements, and accept pornographic services. Take the power conferred by the party and the people as a tool to seek private interests, "rely on enterprises to eat enterprises" and "rely on cars to earn cars", take advantage of their positions to seek benefits for others and illegally accept huge amounts of property; take advantage of their positions to purchase goods from units operated and managed by their sons at significantly higher prices than the market, resulting in heavy losses to national interests.

Chen Demei seriously violated the discipline of the Party, constituted a serious violation of her duties and was suspected of accepting bribes and illegally making profits for relatives and friends, and did not restrain and stop after the 18th CPC National Congress, which was of a serious nature and bad influence, and should be dealt with seriously. In accordance with the relevant provisions of the regulations on Communist Party of China Disciplinary Action, the Supervision Law of the people's Republic of China, and the Law of the people's Republic of China on Administrative punishment of Public officials, and after study by the standing Committee of the Shanghai Municipal Commission for discipline Inspection, it was decided to expel Chen Demi from the party and cancel her retirement treatment; to transfer her suspected crime to the procuratorial organ for examination and prosecution according to law, and to transfer the property involved.

SAIC is the largest automobile manufacturer in China, and its main vehicle companies include Zhiji Automobile, SAIC passenger car Branch, SAIC Volkswagen, SAIC General Motors, SAIC General Wuling, SAIC Chase and so on. On August 28, SAIC released its interim results report for 2024, showing that during the reporting period, SAIC achieved operating income of 28.47 billion yuan, down 12.82% from the same period last year; net profit of 6.627 billion yuan, down 6.45% from the same period last year; and deducting non-net profit of 1.02 billion yuan, down 82.00% from the same period last year.

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