CHINA Former board chairman of China Huarong Asset Management Co. indicted

CHINA

Former board chairman of China Huarong Asset Management Co. indicted

By Bao Han | People's Daily app

16:55, February 15, 2019

微信图片_20190215165239.jpg

The second branch of the Tianjin Municipal People's Procuratorate filed charges before the city’s second Intermediate People's Court against Lai Xiaomin, former board chairman of Huarong Asset Management Co., for bribery, corruption and bigamy. 

Lai was director of the General Office of China Banking Regulatory Commission, deputy secretary and chairman of Huarong Asset Management Co..

During his term, Lai allegedly abused his authority to seek illegitimate interests for others, asked for and illegally accepted huge amounts of property, illegally possessed huge amounts of public property with others, and entered into a marriage with someone for a long time while still legally married to another.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue