China’s state-owned enterprises, China huarong asset management company, former secretary of the party committee and chairman of Lai Xiaomin was “corrupt official legend”, the amount of receiving bribes and corruption was found in 1.813 billion yuan of above, even out with just like a harem of more than 100 mistresses, and today the court ruled, Lai Xiaomin to bribery, corruption, bigamy and sentenced to death and deprived of political rights for life, and the confiscation of all personal property.
CCTV reported according to the Chinese communist party, China tianjin second intermediate court today, Lai Xiaomin in between 2008 and 2018, from the position of the director of general office of the China banking regulatory commission, the China huarong, deputy party secretary, President, secretary of the party committee, chairman of the board of directors, continued through the position, all kinds of bribe behavior accumulated 1.788 billion renminbi, as for all kinds of corruption, total amount is 25.13 million yuan.
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.
According to Hong Kong 01, it is the first time a corrupt official has been sentenced to death in China since 2011, except in 2019.
Born in Ruijin, Ganzhou city, Jiangxi Province, in 1962, Lai Xiaomin worked at the People’s Bank of China (PBOC) in his early years, serving as deputy director general of the SECOND Division of Banking Supervision of the People’s Bank of China and director of the General Office of the China Banking Regulatory Commission (CBRC). He has been president and chairman of Huarong since 2009. In 2012, Huarong Assets restructured into a joint-stock company, with Lai Xiaomin as chairman.
Lai xiaomin was investigated in April 2018 and double-checked in October of the same year. In addition to related issues such as bribery and embezzlement, his double-checked report specifically mentioned his sex and power dealings with a number of women. The crime of bigamy is the first to appear.
Caixin reported that the foreign currency cash found at several of Mr. Lai’s properties amounted to 270 million yuan, or about three tons, in yuan terms. And this is not the entire wealth involved in Lai xiaomin’s corruption case, just the tip of the iceberg.
Lai Xiaomin’s mother’s account has a deposit of 300 million yuan, which is all the result of people inside and outside Huarong taking Lai Xiaomin as “filial son” and “filial son” in various ways during holidays and festivals.
Lai was involved in a case worth more than 1.6 billion yuan, not including real estate and other valuable assets he actually owned, the Economic Observer said, citing people familiar with the matter. It is the “first case of financial corruption” in China.
The name bigamy is associated with a shocking scandal of sexual immorality.
Caixin previously revealed that Lai has “more than 100 apartments, more than 100 contacts, more than 100 lovers, dozens of whom are from huarong, and even some female celebrities who are household names”.
According to an insider, Huarong has many overseas training courses in the United States, Europe, Hong Kong, Macao and Taiwan. In fact, huarong arranges for “lai Xiaomin’s mistresses and associates to spend their holidays and travel”.
The economic observer said citing sources close to the Lai Xiaomin case investigation, according to “QuanSe trade” women with Lai Xiaomin, both for a job than the average woman huarong company, also including “star of big shop sign”, “a female job seekers, will own the large-scale photo is illuminated, attached resume submitted to Lai Xiaomin, tacit understanding with each other.”
About Lai Xiaomin 100 lover, online had heat transfer a version of the “wonderful” comment “huaxing” an article entitled “he settled in more than 100 lover in a neighborhood, all the children call him dad” writes the article Lai Xiaomin specially in guangdong zhuhai to develop real estate projects, and gave his ex-wife and the 100 sets of mistresses. He has enabled more than 100 people of various identities and positions, including ex-wives, current wives and mistresses, to get along with each other without any disputes, which is unimaginable.
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