Chair of Chinese asset manager sentenced to death for bribery
Lai Xiaomin, former chair of China Huarong Asset Management was found guilty of receiving $277m in bribes between 2008 and 2018
05 January 2021 - 12:24
Lai Xiaomin, former chair of China Huarong Asset Management, has been sentenced to death for taking bribes, corruption and bigamy, in one of the nation’s biggest financial crime cases.
Lai was found guilty of receiving a total of 1.79-billion yuan ($277m) in bribes between 2008 and 2018, according to the local court of Tianjin City. All his personal assets will be confiscated, the rulings said...
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