Financial corruption involving over $1.7 billion Lai Xiaomin sentenced to death!

in china •  3 years ago 

image.png

image.png
In early 2020, a five-part TV special, "State Supervision", jointly produced by the Publicity Department of the Central Commission for Discipline Inspection and the Central Broadcasting Station CCTV, was broadcast on CCTV 1 primetime, in which some of Lai Xiaomin's criminal facts were disclosed in detail. Among other things, in order to avoid investigation, Lai Xiaomin asked the bribe-giver to deliver the money in cash. After receiving the money, he drove himself to the house where he hid the stolen money and put it in the safe by hand, making extra detours on the way to prevent anyone from following him. He and some of his close associates spoke of this house in code, calling it a "supermarket".

#Lai Xiaomin, former Party Secretary and Chairman of the Board of Huarong Corporation.

He took it and put it there.

It's like going to the supermarket.

It's called a supermarket.

It's in a metal cabinet, a tin cabinet.

Not a single penny was spent, it was all put there.

In the end, the organization took it all.

So I said what's the point of having so much money?

In the end, you don't dare to spend it, you don't dare to use it, and you're scared.

The huge amount of cash hidden in the "supermarket" was only part of Lai Xiaomin's illegal proceeds. In addition to cash, he also received a large amount of real estate, luxury cars, watches, gold, paintings and calligraphy, totaling more than RMB 1,788 million, of which more than 104 million had not been actually obtained and was an attempted crime. Among the 22 bribery offences, three of them involved bribery offences amounting to over RMB200 million, RMB400 million and RMB600 million respectively, and another six involved bribery offences all amounting to over RMB40 million.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!