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5 days ago
A court in northern China’s Tianjin city sentenced former chairman of Huarong Asset Management Co. to death Former chairman Lai Xiaomin was sentenced in one of the country’s most high-profile corruption cases .
According to the Tianjin Secondary Intermediate People’s Court, he was convicted of soliciting or soliciting bribes of 1.788 billion yuan (27,276.72 million) while he was also a senior banking regulator between 2008 and 2018 Line was fired from the ruling Communist Party in 2018.