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Bai Tianhui, the former general manager of China Huarong International Holdings, has been sentenced to death by a court in Tianjin for accepting bribes worth 1.1 billion yuan ($155 million). The court also ordered the confiscation of all his personal property. This ruling highlights the severe social impact and substantial losses caused by his actions. The case is part of China's broader crackdown on financial crimes, marking a rare instance of a death sentence for a senior financial executive with no reprieve. China Huarong International Holdings is one of the country's largest state-controlled asset management firms.
He Zehua, the former deputy chief of China's State Tobacco Monopoly Administration, on Wednesday was sentenced to death with a two-year reprieve for taking bribes worth 943 million yuan ($132.8 million), according to the verdict announced by a court in Dalian, Liaoning Province. https://t.co/P8u8XSwidX
China has sentenced an ex-official with China Huarong International to death on bribery charges, giving a rare death sentence for a second time in recent years to a senior financial executive as the authorities step up crackdown on financial crimes. https://t.co/FllW5dyVaO
China Banker Gets Death Sentence For Taking ₹ 1,264 Crore In Bribes https://t.co/KlfLmKAuBI
