NANNING, Feb. 24 (Xinhua) -- Former vice governor of Guangdong Province Liu Zhigeng stood trial Friday, on charges of corruption, in the city of Nanning, southwest China's Guangxi Zhuang Autonomous Region.
Prosecutors alleged that from 1993 to 2012, Liu took advantage of various official positions to help companies and individuals acquire shares and loans, among other offences.
Liu was said to have accepted bribes worth more than 98 million yuan (14.3 million U.S. dollars) either personally or through his family.
Liu made a final statement, in which he pled guilty and expressed remorse.
More than 60 people, including relatives of the accused, representatives of legislators and political advisors, journalists and members of the public, were present at the open trial.
The verdict will be announced at a later date.