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China To Execute Top Banking Official

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In an unusually harsh punishment, China has condemned one of the country's top bankers to death over bribery and bigamy charges. Business Insider reports the condemned man is Lai Xiaomin, ex-chairman of the banking giant China Huarong Asset Management. He was found guilty of accepting $277 million in bribes between 2008 and 2018, and has been called China's most corrupt financial official. Execution by lethal injection is not a typical punishment for corruption, which usually results in a lifetime prison sentence. The death sentence comes as part of an anti-corruption crusade led by Chinese President Xi Jinping. Since its start, the commission has punished about 1.5 million officials.

Added on the 05/01/2021 15:23:14 - Copyright : Wochit

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