The former railways minister, Liu Zhijun, was given the "death penalty with a two-year reprieve", for bribery and abuse of power, the official Xinhua news agency said
The suspended death sentence typically amounts to life in prison.
Xinhua said Liu took advantage of his position and helped many to either get promotions or win contracts, in return of bribes between 1986 and 2011.
He is the most high-profile official to be tried and found guilty of corruption in a case seen as a test of President Xi Jinping's resolve to crack down on graft in the country.
According to the indictment, Liu's "malpractice" led to "huge losses of public assets and damage to the interests of the state and people".
The Beijing No. 2 Intermediate People's Court also deprived the 60-year-old politician of his political rights for life and confiscated all his personal property.
The former minister is alleged to have helped 11 people, including Shao Liping and Ding Yuxin, win promotions, project deals and cargo transportation contracts.
He helped Ding and her relatives to win both cargo transportation and railway construction contracts, Xinhua said.
"He also helped them in the acquisition of shares in a bullet train wheel set company and with enterprise financing by breaking regulations and applying favoritism. This allowed Ding and her family to reap huge profits."
The Chinese president has called for a crackdown on corruption, vowing to tackle it from the powerful "tigers" at the top to the "flies" at the bottom of the Communist Party.
China's railways ministry, once a powerful department, was disbanded in March after it was criticised for a series of safety scandals, and faced allegations of fraud which were uncovered by government audits.
The high-speed railway network in China, said to be the largest in the world, has been plagued with safety scandals involving a series of accidents.
Liu was suspended from the Communist Party last May, following the graft allegations.
Liu began his tenure as railways minister in 2003 and led a multi-billion dollar investment programme expanding the rail network.
Allegations against him first surfaced in December, after an investigative journalist alleged that he made questionable financial deals, fabricated his academic record and threatened to kill a former mistress.
According to reports, the investigations into Liu case led to recovery of 16 cars and more than 350 flats.
He had 18 mistresses "including actresses, nurses and train stewards", the state-run Global Times reported in 2011.
Source: http://www.bruneinews.net/index.php/sid/215701813/scat/bf053b50c46383e0
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