Song Lin, former chairman of state-owned China Resources Group, stood trial on charges of embezzlement and bribery on Monday in South China's Guangzhou City.
The trial was handled by Guangzhou Municipal Intermediate People's Court. The procuratorate accused Song of embezzling over 9.74 million yuan (1.42 million U.S. dollars) from 2004 to 2013.
The accused is also alleged to have accepted 23.36 million yuan from 2005 to 2012 in return for helping other companies or individuals to secure project cooperation, promotion and other issues.
Song pled guilty to all charges.
Over 80 lawmakers, journalists and citizens attended the open trial.
The verdict will be announced at a later date.
