In comprehensive news, Lai Xiaomin, former chairman of China Huarong, was sentenced to death by the Tianjin No. 2 Intermediate Court on charges of bribery, embezzlement and bigamy, and was executed on Jan. 29.
While the appeal of the case to the Tianjin High Court was rejected, the Supreme Court later explained the reasons for sentencing Lai Xiaomin to death through a microblog.
The Supreme Court pointed out that after arriving at the case, Lai Xiaomin had reported and exposed the case clues of major job crimes committed by the executives under Huarong, which should be considered as a significant merit performance. However, the circumstances of Lai Xiaomin’s crime are particularly bad, the consequences of the crime are particularly serious, his subjective evil deep, can not be lenient punishment.
The Supreme Court emphasized that Lai Xiaomin took a particularly large amount of bribes, amounting to 1.788 billion RMB, the bribery lasted for 10 years, the bribery crimes amounted to 22, the largest one reached more than 600 million RMB, and the social impact was also particularly huge, causing particularly significant losses to the state.
The court ruled that while sentencing Lai Xiaomin to death, it also confiscated all his personal property and deprived him of his political rights for Life.
In its report, the French broadcaster pointed out that the Chinese government rushed to kill Lai Xiaomin in a puzzling manner, with only 24 days between the death sentence and the execution. There are questions about whether Lai Xiaomin was killed to serve as a deterrent in the wake of a major crisis in China’s financial sector.
Recent Comments