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.
EPL: Why Did The Referee Has To Check It For VAR – Tuchel Reacts To Hudson-Odoi’s Handball
Chelsea manager, Thomas Tuchel, has reacted to their match against Manchester United and made a comment on the VAR checking...
I Was Right!.., Crespo Reveals What He Told Lautaro Martinez About Barcelona’s Offer
Former Sooner, Denver Bronco, and Kansas City Chief Darius Johnson Dies At 48
Tributes Pours In…, Matrics Netball Club Player, Ivy-Rose Hughes Tragically Loses Her Life
It Wasn’t Easy, Even 10 Against 11 – Zidane Speaks On Their 1-0 Win Against Atalanta
What Many People Will Do If Messi Leaves Barcelona – Asensi
Irish Former Rugby Player, Gary Halpin Dies At 55
Ahead Of Album Launch…, Prince Kaybee Says He Is Taking Dance Music To Another Level
Music producer, Prince Kaybee is gearing up to release his 2021 studio project and he has something to tell his...
I’m Not Rich, I’m Not Famous, Not A Celebrity – Rapper Emtee Blows Hot
Fans may be thinking that South Africa rapper, Emtee has gotten the fame and more wealth he needs but the...
Zimbabwean Social Media Influencer Who Rose To Fame After Nick Minaj Reposted His Photo Has Passed Away
Popular Zimbabwean social media influencer, Dylan Musanhu is popularly known as Dylan Kardashian who went viral some years ago after...
“Snubbing an etv popular soapie Rhythm City event” – Singer Makhadzi Muimbi reveals the whole truth
“People are busy planning on how they are going to destroy my career”, Popular South African singer Makhadzi Muimbi in...
Professional wrestler 34-year-old Vicky Lynn Lyons – Few Things you need to know
Meet Vicky lyons the 34 year-old girl who died after she was killed through a gruesome car accident. ...
Is Emma Watson getting married? Why did she decide to retire from acting – Few thing you need to know
Who has this new rumour, our own Emma Watson is about to retire from acting. Yes Emma said she will...
San Diego Broadcasting Legend Rod Luck Has Passed Away
Information confirmed on social media has it that San Diego broadcasting legend Rod Luck has passed away. Rod Luck was...