China executes ex-banker in bribes, bigamy case
AFP 29/01/2021 10:56
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.

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“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 as saying, which reviewed and approved the execution order.

The report did not specify how Lai was executed, but said he was allowed to meet with close relatives before his death.

Chinese courts have a conviction rate of over 99 percent, and it is extremely rare for a death sentence to be overturned. The number of executions carried out annually is considered a state secret.

Rights group Amnesty International estimates the country is the top executioner globally, with thousands executed and sentenced to death each year.

Lai was convicted and sentenced earlier this month. The Tianjin court ruled that he had shown “extreme malicious intent” and abused his position to obtain the vast sum.

He was also found guilty of bigamy after living with a woman “as man and wife for long periods” outside of his marriage and fathering illegitimate children.

Lai was alleged to have used his position to embezzle more than 25 million yuan ($3.8 million) in public funds between 2009 and 2018.

His downfall began in April 2018 as investigators removed him from his job and stripped him of his Communist Party position.

Several high-profile party officials and entrepreneurs have spectacularly fallen from grace in recent years as part of Chinese President Xi Jinping’s anti-corruption purge.

China should please come and recolonized this contraption called Nigeria, it's very necessary.

I'll be glad if this law can be passed into law in Nigeria. The condition must be 'if the person involved is occupying an elective, appointive, security, economic (private sector) office.

It will send shiver to the belly of any individual with an intention to sabotage the system.

This Chinese guy Lai Xiaomin gets to die for living a lie meanwhile the Nigerian Govt pays its own Lai for lying daily to its people, dullhead thieving govt.

Chai...


This Lai name na curse o


Abeg na observation o

Who will execute our polithiefians?

This is supposed to be the kind of punishment that our leaders are supposed to be given...

But you and I won't see it happen, because even the judges self na thieves.

China has raped this one...

How would China also curbe their fraudulent loans they give to under-developed countries ?

Just $3.8 and they considered him fit for execution. They should not look the way of Nigeria at all if not 90% of public Office holders will be going going gone.