The former head of a Chinese state-owned asset management company has been executed on charges of taking bribes in an unusually severe penalty for a recent corruption case.He asked for or collected over $340 million over a decadeLai Xiaomin of China Huarong Asset Management Co., was among thousands of officials snared in a long-running anti-graft campaign led by President Xi Jinping. Others including China's former insurance regulator have been sentenced to prison.
Lai "endangered national financial security and financial stability," said a commentary on the state TV website.Most death sentences imposed by Chinese courts are suspended for two years and usually commuted to life. Death penalties without the chance of a reprieve are rare. Lai was placed under investigation by the ruling Communist Party's anti-corruption watchdog in 2018 and expelled from the party later the same year.
This guy is an awful example committed serious guilty during his employment as the CEO of a AMC of Chinese government. CCP can not tolerated by his crazy behavior against the strict internal disciplines.
PlanetAmerica stats on realDonaldTrump executions while Pres, broke all standing records. Long lasting impressions, of Law and Order. EpsteinStory Covid19 response.. He rallied with my MPSWestminster suspects.. While I, lauded peacemaker accolades..My situation challenging
Should have taken smaller bribes=Blend in
Small bribes - whatevs. Big ones - we can live with. Enormous - is a problem. Especially Enormous - now you’re just taking the piss. China
The Royal Commission should have done the same here with rich European-Australian bankers here committing criminality involving billions with poor customers!
Their country, their rules.
Lucky Trump and Biden don't live in China. They would have both been dead long ago.
Taking bribes doesn't kill people. I don't see why them should executed him for that...KMT
The death penalty anywhere is abhorrent. The US, Japan, Indonesia, Singapore, Saudi Arabia and others still have the death penalty.
Better than the Sicilia Mafia......did F-up the $$$.....just like our $ASIC Exec Officer but JoshFrydenberg says lets keep him there until we find a replacement...! I dismissed my Employees for claiming a fraction of non Work entitlements..!!
Organ harvest ?
seems a bit extreme. anyway, lets suck up to china and let the take over the world