Lai Xiaomin, former president China Huarong Asset Management Chairman Lai Xiaomin (Asset Management Co.), has been sentenced to death for corruption.
Lai also was accused of bigamy, allegedly admitted to having received bribes worth about $ 250 million
He was sentenced to death for receiving bribes and committing bigamy, the People’s Daily reported on Tuesday, citing a local court.
He was a senior economist who served as party chairman and chairman of the board of China Huarong Asset Management, one of the largest financial asset management company in China, from September 2012 to April 2018. He was fired on April 17, 2018.
He has held various positions at the People’s Bank of China, including Deputy Director and Director of the Central Finance Department of the Capital Planning Department of the People’s Bank of China, Director of the Bank’s Second Division, Deputy Director of the Credit Management Department, and Deputy Director of the Bank’s Second Supervision Division.
He was a delegate to the 12th National People’s Congress.
His previous positions include Deputy Director of the Banking Supervision Department of the Banking Regulatory Commission of China, Head of the Preparatory Bureau of the Beijing Bureau of Supervision, Secretary of the Beijing Banking Regulatory Bureau, Secretary-General of the General Committee of the Banking Regulatory Commission of China, and the Office Director of the Party Committee and Chief Spokesperson.
See Cristiano Ronaldo Preferred Coach For Man United Job
Manchester United striker, Cristiano Ronaldo, wants Luis Enrique to take over the coaching job of Manchester United following the sacking...
This Is Worse For Me – Solskjaer Breaks Silence After Their Historic Match Against Liverpool, Says They Performed Poorly
Chelsea Vs Norwich: Why We Didn’t Stop Scoring – Tuchel
UCL: J Cole Reveals Chelsea’s Two Most Important Players
Ballon d’Or: Why Benzema Deserves The Title – Modric
Winning The Ballon d’Or Have Been One Of My Childhood Dreams – Benzema
Brazil Legend, Ronaldo Declares His Candidate For Ballon d’Or, Excludes Messi
Vusi Nova Retracts His Words, Says He Is Not Rebranding Or Changing His Stage Name
Recall that a few days ago we reported that Vusi Nova is rebranding his musical career and also changing his...
Nokwazi Reveals The Condition She Was Into When She Wrote Siyabonga Song
South African songstress, Nokwazi has disclosed the condition she was into when she wrote the viral Siyabonga song. The singer...
Khuli Chana Is Opening A New Studio, See The Interior View (Photos)
Khuli Chana is about to take his musical career to the next level as he reveals that he is opening...
Cassper Nyovest Drops 70K Pounds For A Gold Necklace Says It’s An Early Birthday Gift For Himself
South African rapper, Cassper Nyovest is living his life as he splashes a whopping 70,000 silver pounds for a gold...
Sonia Mbele Is Now A New Business Owner – See The Business She Ventured Into!
South African actress, Sonia Mbele have decided to spread her hand into multiple chains of business as she ventures into...
Keep Chasing Those Dreams & Keep Winning – Simz Ngema Applauds Self
South African actress, Simz Ngema has taken time to applaud herself with an appreciation message via her official Instagram page....
El Salvador Defense minister René Merino Monroy losses son in a military mission
The son of the Minister of Defense of El Salvador died in a military mission. The Armed Forces of El...