The chairman took 7.7 billion bribes! “Holding 100 Mistresses” who lives in the same community as the mainland’s first corrupt official sentenced to death

Lai Xiaomin, the former party committee secretary and chairman of China Huarong, collapsed due to corruption. After that, 270 million (approximately NT$1.16 billion) of cash was found in his home; the contractor further found out that he placed more than 100 mistresses in the same community apartment. Every child calls him “Dad”. Tianjin No. 2 Intermediate People’s Court yesterday (5th) sentenced Lai Xiaomin to death for taking bribes.

It is understood that Lai Xiaomin accepted more than 100 mistresses, gave birth to many children, and placed them in the same community with at least 100 suites under his name. The mistresses were of different identities, including ordinary people and well-known actresses. Lai Xiaomin assigns them to the company under his banner, and makes the mistresses become senior executives, chairman or general manager of the company, etc., and they will be named according to the degree of intimacy, which shows that there are many.

The judgment stated that from 2008 to 2018, Lai Xiaomin took advantage of the convenience of his position, as well as the conditions for the formation of his powers and status, and through the behaviors of staff in other countries to help relevant units and individuals in obtaining financing, contracting projects, cooperative operations, and transferring Provide assistance in matters such as work and job promotion adjustments, directly or through specific related parties, illegally accepting and requesting property from related units and individuals, totaling more than 1.788 billion yuan (about NT$7.7 billion), of which more than 104 million yuan has not yet been actualized Obtained is an attempted crime.

From the end of 2009 to January 2018, Lai Xiaomin used the former Deputy Secretary and President of the Party Committee of China Huarong Asset Management Co., Ltd., Secretary of the Party Committee and Chairman of China Huarong Asset Management Co., Ltd., and Secretary of the Party Committee of Huarong Xiangjiang Bank Co., Ltd. With the convenience of collaborating with certain related parties, they embezzled and arbitrage the unit’s public funds totaling 25.13 million yuan. In addition, during the legal marriage relationship between Lai Xiaomin and his wife, he also lived and lived together with others in the name of husband and wife for a long time and had children.

After the trial, the court held that Lai Xiaomin’s behavior constituted a crime of bribery, corruption, and bigamy. The amount of Lai Xiaomin’s crime of accepting bribes is extremely large, the circumstances are particularly serious, and the subjective malignancy is extremely deep. Among the 22 crimes of accepting bribes, three crimes of accepting bribes amounted to more than 200 million yuan, 400 million yuan, and 600 million yuan respectively, and the other six crimes of accepting bribes all amounted to more than 40 million yuan. At the same time, in criminal activities, Lai Xiaomin used the authority of the person in charge of a state-owned financial enterprise to determine major company projects in violation of regulations, leapfrogged in specific projects, seek illegitimate interests for others, endanger national financial security and financial stability, and have extremely bad social impacts.

The Second Intermediate People’s Court of Tianjin City yesterday (5th) sentenced Lai Xiaomin to death for accepting bribes, deprived of political rights for life, and confiscated all personal property; for corruption, sentenced to 11 years imprisonment and confiscated RMB 200 of personal property. Ten thousand yuan; sentenced to 1 year in prison for bigamy, decided to execute the death penalty, deprived of political rights for life, and confiscated all personal property. At the same time, the court ruled that the property and the fruits of Lai Xiaomin’s bribery should be recovered and turned over to the state treasury. The shortfall shall be recovered; the property obtained from corruption shall be returned to the victim according to law.