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Rare Death Sentence to Former Asset-Management Head by Tianjin Court
Published on: 2021-01-06
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The former head of state-owned China Huarong Asset Management Co. Ltd. was sentenced to death Tuesday for bribe taking in one of the harshest punishments for economic crimes in recent years.
 

Lai Xiaomin, 58, was also found guilty by the Second Intermediate People's Court of Tianjin of lesser charges including corruption and bigamy.
 

Life sentences and suspended death sentences commuted to life after two years are frequently handed down in corruption cases, but death sentences without the chance of reprieve have become rare in recent years. Such sentences are automatically appealed to China's highest court.
 

Lai was placed under investigation by the ruling Communist Party's corruption watchdog in 2018 and expelled from the party later the same year.
 

In its ruling, the Tianjin court cited the "especially enormous" size of the bribes Lai accepted, saying they exceeded 600 million yuan ($93 million) in one instance. In total, it said Lai collected or sought to collect 1.79 billion yuan (US$260 million) over a decade in exchange for abusing his position to make investments, offer construction contracts, help with promotions and provide other favors.
 

He was also convicted of embezzling more than 25 million yuan (almost $4 million) in state assets and starting a second family while still married to his first wife.
 

Although Lai provided useful details about malfeasance by his subordinates, the seriousness of his bribe taking and "degree of harm caused to society" were not enough to win him leniency, the court said in its ruling.
 

受贿近18亿!“金融第一贪”赖小民,被判死刑!

2021年1月5日,天津市第二中级人民法院公开宣判华融原党委书记、董事长赖小民受贿、贪污、重婚一案,对被告人赖小民以受贿罪判处死刑,剥夺政治权利终身,并处没收个人全部财产。

其中有几个要点。

1、赖小民直接或通过特定关系人非法收受、索取相关单位和个人给予的财物,共计折合人民币17.88亿余元。

2、伙同特定关系人侵吞、套取单位公共资金共计人民币2513万余元。

3、在与妻子合法婚姻关系存续期间,还与他人长期以夫妻名义共同居住生活,并育有子女。

4、赖小民在犯罪活动中,利用国有金融企业负责人的职权,违规决定公司重大项目,越级插手具体项目,为他人谋取不正当利益,危害国家金融安全和金融稳定,社会影响极其恶劣。

5、虽然赖小民提供下属人员重大犯罪线索并经查证属实,具有重大立功表现,但综合其所犯受贿罪的事实、性质、情节和对于社会的危害程度,不足以对其从宽处罚。

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