China's highest inspection: relentlessly cracking down on "financial borers" and job-related crimes | finance | borers
"We must not only handle major cases with large amounts of money and adverse social impacts in accordance with the law, but also continuously crack down on the 'financial borers' in various fields and links, and promote the punishment of financial corruption and prevention and control of financial risks." The person in charge of the Third Procuratorate of the Supreme People's Procuratorate of China said on the 22nd in response to questions from reporters.
On the same day, the Supreme People's Procuratorate released the 47th batch of guiding cases to the public, including four cases of corruption involving Shen and Zheng. This batch of cases covers crimes such as corruption, bribery, misappropriation of public funds, and abuse of power by personnel of state-owned companies, involving state-owned financial institutions such as banks, futures, and asset management. The criminal facts cover multiple fields such as underwriting financial wealth management products, issuing financial bills and loans, holding equity income rights, and using non-public information for securities trading.
Data shows that from January 2021 to July 2023, there were a total of 652 cases of financial job-related crimes prosecuted by procuratorial organs nationwide in accordance with the law. Among them, 411 people were convicted of bribery and 149 people were convicted of corruption, accounting for 85.89% of the number of job-related crimes in the financial sector.
The head of the Third Procuratorate of the Supreme People's Procuratorate stated that compared to conventional criminal acts such as corruption, bribery, and embezzlement of public funds, financial system corruption has four characteristics: firstly, the identity of the involved parties is complex and the coverage is wide; Secondly, the unique power and resources in the financial field have become tools for seizing private interests; The third is the complex and covert criminal methods with specialized characteristics; The fourth is that the consequences of harm are more serious.
The person in charge stated that the procuratorial organs will effectively strengthen communication and cooperation with supervisory and judicial organs, continue to increase their efforts in handling cases, and help eliminate the black sheep that disrupt financial management order. At the same time, we will adhere to the principle of "double investigation for one case" and increase efforts to simultaneously review derivative crimes such as money laundering in handling cases of job-related crimes in the financial sector.
In addition, the Supreme People's Procuratorate plans to formulate specific opinions on the application of relevant laws in handling cases of job-related crimes in the financial sector, as well as strengthening cooperation and cooperation in anti money laundering work in handling cases of corruption and bribery, further clarifying the rules of legal application and the implementation of work responsibilities.