There is also a rare chargeAnother "financial tiger" has been sentenced to death with a reprieve! After the Central Inspection Team entered, they fell off guard

On September 12th, the case of Wang Bin, former Party Secretary and Chairman of China Life Insurance Company, accepting bribes and concealing overseas deposits was publicly announced. Wang Bin was sentenced to death with a suspended sentence for accepting bribes of over 325 million yuan.

The Intermediate People's Court of Jinan City, Shandong Province sentenced Wang Bin to death on charges of bribery, with a two-year suspension of execution, deprivation of political rights for life, and confiscation of all personal property. After the two-year suspension of his death sentence was lawfully reduced to life imprisonment, he was sentenced to life imprisonment without commutation or parole. He was also sentenced to one year in prison for the crime of concealing overseas deposits. The court has decided to execute Wang Bin with a two-year suspension of execution, depriving him of political rights for life, and imposing confiscation of all personal property. After the two-year suspension of his death sentence has expired and is lawfully reduced to life imprisonment, he shall be sentenced to life imprisonment without commutation or parole; The confiscated, confiscated, and frozen bribery proceeds and their fruits obtained by Wang Bin shall be recovered and turned over to the national treasury. Any shortfall shall continue to be recovered.

Wang Bin was investigated on January 8, 2022, and was arrested about three months after the Central Inspection Group entered the country. In September 2021, the eighth round of inspections by the 19th Central Committee conducted inspections on 25 financial unit party organizations, including China Life Insurance. Since then, a large number of financial cadres have been arrested, and Wang Bin is the first provincial and ministerial level cadre among them.

Wang Bin worked in the financial system for more than 30 years. He was born in November 1958 and has been working at the educated youth farm of the Nancha Hydrolysis Plant in Heilongjiang Province, the Third Company of the Pipeline Bureau of the Ministry of Petroleum, the Department of Commerce of Heilongjiang Province, the Institutional Reform Commission, and the General Office of the Provincial Government since 1975. In 1990, he joined the People's Bank of China Heilongjiang Branch as the Deputy Director of the Office, starting his financial career. He subsequently worked in various units such as the People's Bank of China, Agricultural Development Bank of China, and Bank of Communications. In 2012, he became the Chairman of China Taiping Insurance Group, and six years later, he was transferred to the Chairman of China Life Insurance until he was investigated.

With the announcement of the verdict, multiple details of Wang Bin's criminal behavior have been disclosed for the first time:

Firstly, from the perspective of bribery time, the court found through trial that Wang Bin received property from 1997 to 2021, which lasted for 24 years. During this period, he utilized the convenience of serving as the Vice President of the Jiangxi Branch of Agricultural Development Bank of China, the President of the Beijing Branch of Bank of Communications, a member and Vice President of the Party Committee of Bank of Communications, the Chairman of Bank of Communications International Trust, the Chairman of China Taiping Insurance, the Secretary and Chairman of the Party Committee of China Life Insurance, and the Chairman of Guangfa Bank, as well as the convenience of his authority and status, to provide assistance to relevant units and individuals in matters such as loan financing, project cooperation, and personnel arrangements.

In terms of the amount of bribes received, Wang Bin illegally received more than 325 million yuan, and in addition to directly accepting bribes himself, he also took bribes through relatives.

In addition, the court also found that Wang Bin constituted the crime of concealing overseas deposits: starting from January 2012, he violated the national foreign exchange management system and the overseas deposit declaration system for state employees, depositing a total of more than RMB 56.42 million in foreign currency into the bank and securities accounts opened by his relatives in Hong Kong, concealing and not reporting.

The court believes that Wang Bin's bribery amount is particularly huge, the criminal circumstances are particularly serious, and the social impact is particularly severe, causing significant losses to the interests of the country and the people. He should be sentenced to death if convicted; Wang Bin's crime of concealing overseas deposits is self surrender, and he can be given a lighter punishment, and he will be punished together with his bribery crime. Considering that Wang Bin truthfully confessed his crimes, confessed and repented, actively returned the stolen goods, and had a statutory and discretionary lenient punishment, he was sentenced to death without immediate execution. At the same time, based on the facts and circumstances of Wang Bin's crime, it has been decided that after his death penalty is suspended for two years and reduced to life imprisonment in accordance with the law, he will be sentenced to life imprisonment without commutation or parole.

Wang Bin was "double opened" on September 1st last year. The multiple disciplinary and illegal behaviors pointed out in the notification are all related to the financial system in which he operates. For example, he was accused of refusing to implement the major decisions and deployments of the Party Central Committee on preventing and resolving financial risks, creating and amplifying financial risks, and engaging in financial corruption. He was also accused of borrowing huge amounts of money from management and service recipients, illegally owning shares of non listed companies, intervening and interfering in market economic activities, and using his position to facilitate others in loan financing, project cooperation, and other aspects, and illegally accepting huge amounts of property.

In addition, he has been accused of abandoning the main responsibility of comprehensively and strictly governing the Party for a long time, engaging in favoritism and self-interest in appointing people, seriously polluting the political ecology of his unit, being lenient in governing the Party, unwilling to supervise, resisting supervision, and resisting organizational scrutiny; Having a corrupt family background, excessively indulging or even helping their relatives engage in disciplinary and illegal activities for a long time; Without any respect, acting recklessly without authority, willing to be "hunted" or even actively seeking rent, using public power as a tool to seize huge private interests, etc.

Among them, expressions such as "governing the party with leniency", "unwilling to supervise, resistant to supervision", and "actively seeking rent" have not appeared in the reports of fallen officials in the past.