China’s official media on Tuesday reported (5), the second intermediate people’s court of tianjin China huarong asset management co., LTD., the former party secretary, chairman of the board of directors Lai Xiaomin bribery, corruption, bigamy case ruled that carried out the death penalty decision, deprivation of political rights for life, and concurrently be sentenced to confiscation of all personal property, bribery, and to the state Treasury income property.
The court heard that from 2008 to 2018, Lai xiaofin took advantage of his position to help relevant units and individuals in obtaining financing and contracting projects, and received a total of more than 1.788 billion yuan in money and property.
In addition, lai xiaomin lived with his wife in the name of husband and wife for a long time and had children while they were legally married.
The court pointed out that The amount of lai Xiaomin’s bribery crime was extremely huge, the circumstances were particularly serious, and the subjective malignancy was extremely deep. It also pointed out that Lai Xiaomin’s criminal activities endangered the country’s financial security and financial stability, and the social influence was extremely bad, lawless, and extremely greedy.
Caixin has previously revealed that Lai xiaomin has “three 100’s”, including more than 100 apartments, more than 100 contacts, more than 100 lovers, including dozens from huarong company, in addition to a number of well-known female celebrities.
According to the official weibo account of Chang ‘an Avenue, the commission for Discipline Inspection once found a house in a Beijing neighborhood where Lai had stashed away the money. There were multiple safe deposit boxes, more than 200 million yuan in cash and an underground garage full of millions of luxury cars.
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