The high-ranking official on trial with the largest amount of bribery this year is him, involved in three charges and amassing wealth exceeding 500 million yuan | amount | amount | on trial
The tiger, who has accumulated over 500 million yuan in wealth, is on trial today.
On July 13th, the case of Cai Esheng, former member of the Party Committee and Vice Chairman of the China Banking Regulatory Commission, accepting bribes, using his influence to take bribes, and abusing his power was publicly heard. Cai Esheng pleaded guilty and repented in court, and the court announced an alternate sentence.
According to the court hearing, multiple details of Cai Esheng's illegal activities have been disclosed.
Firstly, the timing of the three criminal acts has been clarified for the first time. Cai Esheng took bribes, used his influence to take bribes, and abused his power from 2006 to 2021, 2018 to 2021, and 2010 to 2013, respectively.
Next is the specific circumstances of Cai Esheng's three criminal acts. When he was prosecuted by the procuratorial organs, he was accused of illegally accepting "a particularly large amount of money" from others, causing significant losses to public property, the interests of the country and the people, and the circumstances were particularly serious. During the trial, Cai Esheng's amount of wealth was made public:
From 2006 to 2021, Cai Esheng took advantage of his position as a former member and vice chairman of the Party Committee of the China Banking Regulatory Commission, as well as the convenient conditions formed by his power or position, to provide assistance to relevant units and individuals in financing loans, business contracting, and job promotion. He directly or through others illegally received property, totaling more than 409 million yuan.
From 2018 to 2021, Cai Esheng took advantage of his former position as a member or vice chairman of the Party Committee of the China Banking Regulatory Commission to provide assistance to relevant units and individuals in matters such as equity transfer, financing loans, and work adjustments through the actions of other state officials. He directly or illegally received property through others, totaling more than 110 million yuan.
Taking bribes of over 409 million yuan and using his influence to take bribes of over 110 million yuan, Cai Esheng accumulated a total of over 500 million yuan, making him the former central management cadre on trial this year with the largest amount of wealth.
In addition, Cai Esheng was also accused of violating laws, regulations, and relevant provisions during his tenure as a former member and vice chairman of the Party Committee of the China Banking Regulatory Commission from 2010 to 2013, engaging in favoritism and abuse of power in the performance of regulatory responsibilities, resulting in significant losses to public property, national and people's interests, with particularly serious circumstances.
Cai Esheng was born in 1951 and worked at the central bank for many years. In 1998, he served as an assistant to the central bank governor and a member of the party committee. In 2001, he was appointed as the Chairman of the Supervisory Board of State owned Key Financial Institutions. In 2005, he became the former Vice Chairman of the China Banking Regulatory Commission. He stepped down in June 2013 and was dismissed in July 2021.
In January 2022, Cai Esheng was expelled from the party. The notice from the Central Commission for Discipline Inspection not only has strict wording, but also multiple expressions that are not common, including "complete political transformation", "serious disruption of financial market order, serious pollution of the political ecology of the financial field", "shameless and unscrupulous, engaging in power and money transactions", "lawless and unregulated, retreating without rest", and committing crimes against the wind ".
The notice also pointed out that Cai Esheng lost his ideals and beliefs, abandoned his original aspiration and mission, was disloyal and dishonest to the Party, engaged in two faced activities, abused his financial regulatory power, and opposed organizational censorship; Ignoring the spirit of the central eight point regulations, extravagant and corrupt, illegally accepting gifts and cash, accepting activities such as banquets, tourism, and golf that may affect the fair execution of official duties, and repeatedly violating personal clubs; Lack of organizational awareness and failure to report personal matters in accordance with regulations; Improper performance of duties, illegal intervention and interference in administrative licensing matters; Utilizing the convenience and influence of one's position to seek profits for others in financing loans, project contracting, job promotion, and illegally accepting huge amounts of property.