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  1. #1
    Thailand Expat misskit's Avatar
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    China court sentences former banker Lai Xiaomin to death over bribery, bigamy

    BEIJING: The former chairman of one of China's largest state-controlled asset management firms was sentenced to death on Tuesday (Jan 5) for soliciting US$260 million in bribes, corruption and bigamy.


    Lai Xiaomin, a former Communist Party member, gave a detailed televised confession on state broadcaster CCTV last January, which showed footage of safes and cabinets stuffed with cash in a Beijing apartment allegedly belonging to him.

    Lai had abused his position in attempting to obtain the vast sum, the court in Tianjin said, describing the bribes as "extremely large" and labelling the circumstances "particularly serious".


    He had shown "extreme malicious intent," the court ruling added.


    The former chairman of the Hong Kong-listed China Huarong Asset Management Co - a distressed debt group - 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's downfall began in April 2018 as investigators removed him from his job and stripped him of his party position.


    He was also alleged to have used his position to embezzle over 25 million yuan (US$3.8 million) in public funds between 2009 and 2018.


    During his TV confession, Lai said he "did not spend a single penny, and just kept it there ... I did not dare to spend it".


    CCTV also showed luxury cars and gold bars reportedly accepted by Lai as bribes.


    The channel often broadcasts interviews with suspects admitting to crimes before they have appeared in court - a practice that has long been condemned by lawyers and rights organisations as forcing confessions under duress.


    The court said Lai would have all personal assets confiscated and be stripped of his political rights.


    Photos published by the court show Lai standing up and facing the judge to be sentenced, flanked by two police officers wearing face masks.


    The sentencing brings an end to one of the country's biggest financial crime cases, and comes as Beijing takes an increasingly tough stance on corporate crime.


    Critics have said the wide-ranging anti-corruption campaign launched under President Xi Jinping has also served as a way to target his opponents and those of the Communist Party leadership.


    But since Xi came to power, only one high ranking official has been executed - Zhao Liping, who was convicted of homicide in 2016.


    Three other senior Communist Party members have been sentenced to death but later given a reprieve.


    The former head of Interpol, an ex-spy chief and a Xinjiang governor accused of "trading power for sex" are some of the other high-profile officials to suffer spectacular falls from grace in recent years in the anti-corruption purge.

    China court sentences former banker Lai Xiaomin to death over bribery, bigamy - CNA

  2. #2
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    Klondyke's Avatar
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    I am puzzled: from the posts of our well informed members I've got the impression (and why not to trust them?) that in China the corruption is allowed, even supported.

    And not so pursued and persecuted as it is in other countries (please no names here)...

  3. #3
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    Quote Originally Posted by Klondyke View Post
    I am puzzled
    This is not an unusual occurrence as far as you are concerned.

    Why don't you try reading books with lots of pictures instead?

  4. #4
    Thailand Expat lom's Avatar
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    Quote Originally Posted by Klondyke View Post
    I am puzzled: from the posts of our well informed members I've got the impression (and why not to trust them?) that in China the corruption is allowed, even supported.
    All animals are equal but some animals are more equal than others

  5. #5
    Member TheMadBaron's Avatar
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    Quote Originally Posted by Klondyke View Post
    I've got the impression (and why not to trust them?) that in China the corruption is allowed, even supported.
    Yes, but the corrupt officials are supposed to share the wealth with the other corrupt officials. That's what communism is.


  6. #6
    Thailand Expat misskit's Avatar
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    Isn’t the death penalty for bribery and bigotry a bit much, Klondyke?

  7. #7
    Member TheMadBaron's Avatar
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    Quote Originally Posted by misskit View Post
    Isn’t the death penalty for bribery and bigotry a bit much, Klondyke?
    Bribery and bigamy. However....

    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.
    That's not bigamy, that's just a good weekend.

  8. #8
    Thailand Expat harrybarracuda's Avatar
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    Klondyke appears to be unable to differentiate between "puzzled" and "demented".

  9. #9
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by hallelujah View Post
    This is not an unusual occurrence as far as you are concerned.

    Why don't you try reading books with lots of pictures instead?
    I would suggest pop-up.

  10. #10
    Member TheMadBaron's Avatar
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    Quote Originally Posted by misskit View Post
    The channel often broadcasts interviews with suspects admitting to crimes before they have appeared in court - a practice that has long been condemned by lawyers and rights organisations as forcing confessions under duress.
    This would immediately raise a red flag in any state that wanted to give the impression of having a fair legal system. Unfortunately, in China, every time they raise a red flag, some klondyke salutes it.

  11. #11
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    hallelujah's Avatar
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    Quote Originally Posted by harrybarracuda View Post
    I would suggest pop-up.
    *Kremlin approved, of course.

  12. #12
    Thailand Expat
    Klondyke's Avatar
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    Seeing that my poor English is still not comprehensive to many of my fan club... (or their brain accepts only the ideas chewed down by the politically correct media...)

  13. #13
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    Quote Originally Posted by Klondyke View Post
    I am puzzled
    Quote Originally Posted by Klondyke View Post
    Seeing that my poor English is still not comprehensive to many of my fan club...

    Quote Originally Posted by harrybarracuda View Post
    Klondyke appears to be unable to differentiate between "puzzled" and "demented".
    Yup . . . 60 years of downing bottles of vodka every day, trying to stay under the KGB radar . . . just to escape to Thailand after embezzling enough to buy a house and build a sauna

  14. #14
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    Quote Originally Posted by TheMadBaron View Post
    Unfortunately, in China, every time they raise a red flag, some klondyke salutes it.
    I've always thought kneeling to show ones low status was more quaint.

    Quote Originally Posted by hallelujah View Post
    (enter any FED/WH/BLP/FANG approved trillionaires name here), of course.
    FIFY.

  15. #15
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    Quote Originally Posted by OhOh View Post
    I've always thought kneeling to show ones low status was more quaint.
    Klondyke's too old to kneel down to blow you, so you're the one doing it . . . quite disgusting

  16. #16
    Thailand Expat
    Klondyke's Avatar
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    No need to kneel, this is also OK...

    China court sentences former banker Lai Xiaomin to death over bribery, bigamy-obama_bowing-jpg

  17. #17
    I'm in Jail

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    Why wouldn't it be, tovarish . . . at least he's not blowing him like you

  18. #18
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    Quote Originally Posted by Klondyke View Post
    I am puzzled: from the posts of our well informed members I've got the impression (and why not to trust them?) that in China the corruption is allowed, even supported.
    It's allowed and even supported for those who stay on the right side of the power structure. Top Chinese leadership though has found anti-corruption campaigns to be an excellent method of purging opponents. Since nearly all the officials have corruption in their backgrounds, it's easy to get rid of any opponent if it's labelled as a part of an anti-corruption effort.

    "Jude Blanchette, a China expert at the Crumpton Group, said the never-ending corruption crusade is a distraction for Xi, but it also serves to keep the Communist Party — and vast swaths of Chinese society — in a permanent state of tension and under his sway."
    “The campaign has been a remarkably effective tool to help him consolidate and hold power,” Blanchette said. “It’s flexible enough to allow him to essentially go after anyone, with Damocles’ sword hanging over almost everyone. Why would he ever willingly give that up?”



    https://www.washingtonpost.com/world...422_story.html

  19. #19
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    Quote Originally Posted by TTraveler View Post
    It's allowed and even supported for those who stay on the right side of the power structure. Top Chinese leadership though has found anti-corruption campaigns to be an excellent method of purging opponents. Since nearly all the officials have corruption in their backgrounds, it's easy to get rid of any opponent if it's labelled as a part of an anti-corruption effort.
    Well said

  20. #20
    Thailand Expat helge's Avatar
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    Quote Originally Posted by TheMadBaron View Post
    Yes, but the corrupt officials are supposed to share the wealth with the other corrupt officials. That's what communism is.
    It is ?

    Link to Marx or Lenin ?

    Or is it just one of your own half studied theories ?

  21. #21
    Member TheMadBaron's Avatar
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    Hush. I'm winding up the commies. Don't go bringing facts into it, you'll just confuse them.

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