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BEIJING: The former chairman of one of China’s largest state-controlled asset management firms was sentenced to death on Tuesday for soliciting $260 million in bribes, corruption and also 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 …
Read More »Ex-chief of China’s firm sentenced to death in $260m corruption, bigamy case
January 6, 2021
