China Executes Ex-Banker Lai Xiaomin In Corruption, Bigamy Case China Executes Ex-Banker Lai Xiaomin In Corruption, Bigamy Case The report did not specify how Lai Xiaomin was executed, but said he was allowed to meet with close relatives before his death.
Lai Xiaomin was convicted and sentenced earlier this month
Beijing:
China on Friday executed a former top banker accused of taking $260 million worth of bribes, other forms of corruption and bigamy, state broadcaster CCTV reported.
Lai Xiaomin, the former chairman of Huarong one of China s largest state-controlled asset management firms was put to death by a court in the northern city of Tianjin, CCTV said.
BEIJING (AFP) - China on Friday (Jan 29) executed a former top banker accused of taking US$260 million (S$344.9 million) worth of bribes, as well as other forms of corruption and bigamy, state broadcaster CCTV reported.
Lai Xiaomin, the former chairman of Huarong - one of China s largest state-controlled asset management firms - was put to death by a court in the northern city of Tianjin, CCTV said. The amount of bribes received by Lai Xiaomin was extremely large, the crime s circumstances were particularly serious and the social impact was particularly severe, CCTV quoted the Chinese Supreme People s Court, which reviewed and approved the execution order, as saying.
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China on Friday executed a former top banker accused of taking $260 million worth of bribes, as well as other forms of corruption and bigamy, state broadcaster CCTV reported.
Lai Xiaomin, the former chairman of Huarong one of China’s largest state-controlled asset management firms was put to death by a court in the northern city of Tianjin, CCTV said.
“The amount of bribes received by Lai Xiaomin was extremely large, the crime’s circumstances were particularly serious and the social impact was particularly severe,” CCTV quoted the Chinese Supreme People’s Court, which reviewed and approved the execution order, as saying. The report did not specify how Lai was executed, but said he was allowed to see close relatives before his death.
BEIJING • China yesterday executed a former top banker accused of taking US$260 million (S$345 million) worth of bribes, as well as other forms of corruption and bigamy, state broadcaster CCTV reported.
Lai Xiaomin, former chairman of China Huarong Asset Management - one of the country s largest state-controlled asset management firms - was put to death by a court in the northern city of Tianjin, CCTV said. The amount of bribes received by Lai Xiaomin was extremely large, the crime s circumstances were particularly serious and the social impact was particularly severe, CCTV quoted the Chinese Supreme People s Court, which reviewed and approved the execution order, as saying.