This is the latest court decision in the fight once morest corruption in the financial sector of the world’s second largest economy.
In 2012, Beijing launched a large-scale anti-corruption campaign, immediately following Xi Jinping came to power.
According to the latest official data of June 2022, regarding 4.8 million surgeries have been performed since then. investigations into party officials.
Such investigations usually result in convictions and are suspected of being a tool to sideline political figures seen as hostile to Xi Jinping.
Cai Esheng (Kai Esheng) was found guilty of 407 million. yuan (52.03 million euros) in bribes, state broadcaster CCTV reported, citing a ruling by a court in Zhengjiang.
CCTV reported that he was sentenced to death with two years suspended, which will be commuted to life in prison.
Born in 1951, Cai Esheng spent most of his career in finance and served as vice chairman of the country’s banking supervisory authority for eight years.
The investigation into Cai Esheng, who is now retired, began in 2021 for “serious disciplinary and legal violations,” which usually mean corruption or embezzlement.
He was also a senior representative of the Communist Party at the banking regulator.
The conviction comes during a highly active period of crackdowns on China’s financial sector.
On Thursday, the former head of China’s central bank was sentenced to more than 16 years in prison for bribery.
An amendment to tougher penalties for corruption was passed at a meeting of lawmakers on Friday, the state-run Xinhua news agency reported.
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2024-07-17 13:55:22
