The "tiger" who fell off the horse after the central inspection has been sentenced to death with a reprieve!, More than 325 million cases involved

Release time:Apr 16, 2024 21:00 PM

According to CCTV News, on September 12th, the Intermediate People's Court of Jinan City, Shandong Province, publicly announced the case of Wang Bin, former Party Secretary and Chairman of China Life Insurance Company, accepting bribes and concealing overseas deposits. Wang Bin was sentenced to death with a reprieve in the first trial.

Wang Bin is the second "tiger" to be sentenced this month. Last week, Chen Jiadong, former director of the Standing Committee of the Xiamen Municipal People's Congress in Fujian Province, who illegally received 94.15 million yuan in property and caused a loss of 190 million yuan in state-owned property, was sentenced to life imprisonment in the first instance.

Falling off the horse after central inspection

According to the public resume, Wang Bin, who fell from grace on January 8th last year, was later released on September 1st of the same year. Wang Bin has been accused of refusing to implement the major decisions and deployments of the Central Committee of the Communist Party of China on preventing and resolving financial risks, creating and amplifying financial risks, and engaging in financial corruption. He has long abandoned the main responsibility of comprehensive and strict governance of the Party, engaged in favoritism and self-interest in appointing people, seriously polluting the political ecology of his unit, governing the Party leniently, unwilling to supervise or resist supervision, and resisting organizational review; Borrowing huge amounts of money from management and service recipients and illegally owning shares in non listed companies; Intervention and intervention in market economic activities; Having a corrupt family background, excessively indulging or even helping their relatives engage in disciplinary and illegal activities for a long time; Without any reverence, acting recklessly without authority, willing to be "hunted" or even actively seeking rent, using public power as a tool to seize huge private interests, using their position to facilitate others in loan financing, project cooperation, etc., and illegally accepting huge amounts of property.

After trial, the court found that from 1997 to 2021, Wang Bin took advantage of his positions as Deputy Secretary and Vice President of the Party Group of the Jiangxi Branch of the Agricultural Development Bank of China, Secretary and President of the Party Committee of the Beijing Branch of the Bank of Communications, Member and Vice President of the Party Committee of the Bank of Communications, Chairman of the Board of Directors of the Bank of Communications International Trust Co., Ltd., Secretary and Chairman of the Party Committee of China Taiping Insurance Group Co., Ltd., and Secretary and Chairman of the Party Committee and Chairman of China Life Insurance Company and Chairman of Guangfa Bank, as well as the convenience of his powers and status, to provide assistance to relevant units and individuals in matters such as loan financing, project cooperation, and personnel arrangements. He illegally received a total of more than 325 million yuan directly or through his relatives. Starting from January 2012, Wang Bin 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 Intermediate People's Court of Jinan City believes that Wang Bin's behavior constitutes the crime of bribery and the crime of concealing overseas deposits. 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.

On July 18th this year, Xiao Xing, a member of the Party Committee and Deputy General Manager of China Taiping Insurance Group Co., Ltd., was arrested. According to the public resume, Xiao Xing, the 29th "tiger" of this year, male, Han ethnicity, born in December 1971 in Shangrao, Jiangxi, is a member of the Communist Party of China and holds a doctoral degree in law. Xiao Xing has served as the Party Secretary and General Manager of China Life Insurance Shanghai Branch, the Party Secretary and General Manager of Taiping Asset Management Co., Ltd., a member of the Party Committee and Deputy General Manager of China Taiping Insurance Group, and a member of the Party Committee, Executive Director, and Deputy General Manager of China Taiping Insurance Group. According to the public resume, Xiao Xing and Wang Bin have worked together.

According to the website of the Central Commission for Discipline Inspection, in the second half of 2021, China Life Insurance Company underwent inspections by the central inspection team. In October of that year, the 11th Central Inspection Group held a mobilization meeting to inspect the work of the Party Committee of China Life Insurance Company. Wang Bin also presided over the meeting.

The second "tiger" to be sentenced this month

Wang Bin is the second "tiger" to be sentenced this month.

On September 5th, the Intermediate People's Court of Nanchang City, Jiangxi Province publicly announced the verdict of Chen Jiadong, former director of the Standing Committee of the People's Congress of Xiamen City, Fujian Province, in the case of bribery, corruption, and abuse of power. Chen Jiadong, who illegally received 94.15 million yuan in property and caused losses of 190 million yuan in state-owned property, was sentenced to life imprisonment in the first instance.

The court found that from 2000 to 2022, Chen Jiadong, taking advantage of his position as Deputy Secretary of Linzhi Prefecture Committee of the Xizang Autonomous Region, Executive Deputy Commissioner of the Regional Administrative Office, Deputy Secretary and Mayor of Ningde Municipal Party Committee of Fujian Province, Secretary and Director of the Party Leadership Group of the Forestry Department of Fujian Province, Secretary and Director of the Party Leadership Group of Zhangzhou Municipal Party Committee of Fujian Province, and Secretary and Director of the Standing Committee of Xiamen Municipal People's Congress, provided assistance to relevant units and individuals in forest land approval, project contracting and other matters, and illegally received property amounting to more than 94.15 million yuan; From 2015 to 2017, Chen Jiadong took advantage of his position as the Secretary of the Zhangzhou Municipal Party Committee and colluded with others to embezzle more than 3.41 million yuan of state-owned property; From 2013 to 2014, during his tenure as the Secretary of the Zhangzhou Municipal Party Committee, Chen Jiadong engaged in personal gain, abuse of power, and illegally overpaid the developer for the project, resulting in a loss of over 190 million yuan in state-owned property.

According to the public resume, Chen Jiadong, who fell from grace on February 25th last year, was later released on August 30th last year. Chen Jiadong was accused of seeking personal promotion, using public power to serve interest groups, failing to fulfill the responsibilities of "leading the party" in governing the party, seriously polluting the political ecology, resisting organizational censorship, and engaging in superstitious activities; Violating the spirit of the eight point regulations of the central government, engaging in "image projects" and "achievements projects" that harm the people and their finances. Chen Jiadong is the first "tiger" to be reported for using public power to serve interest groups.

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