Xiao Yuhai, former Party Secretary and Chairman of Qinghai Credit Guarantee Group Co., Ltd., was sentenced to 19 years in prison in the first instance. Defendant | Xiao Yuhai | Limited Liability Company

Release time:Apr 14, 2024 11:08 AM

On the 27th, the Intermediate People's Court of Xining City publicly announced the first instance verdict on the case of Xiao Yuhai, former Party Secretary and Chairman of Qinghai Credit Guarantee Group Co., Ltd., accepting bribes, misappropriating public funds, and abuse of power by personnel of state-owned companies. The defendant Xiao Yuhai was sentenced to eleven years in prison for bribery and fined 900000 yuan; Sentenced to six years imprisonment for the crime of embezzlement of public funds; Sentenced to six years imprisonment for the crime of abuse of power by personnel of state-owned companies; The punishment for multiple crimes was combined, and it was decided to carry out a fixed-term imprisonment of nineteen years and impose a fine of 900000 yuan.

After trial and investigation, it was found that from 2013 to 2018, the defendant Xiao Yuhai took advantage of his position as the Party Secretary and Chairman of Qinghai Credit Guarantee Group Co., Ltd. to provide assistance to relevant units in loan guarantees, bill acceptance guarantees, trade financing guarantees, entrusted loans, and bank deposit collection, illegally accepting property worth more than RMB 5.14 million; From December 2013 to March 2015, the defendant Xiao Yuhai took advantage of his position and, without a resolution from the board of directors of Qinghai Provincial Credit Insurance Group Company, personally decided to illegally lend company funds to relevant units in the name of Qinghai Provincial Credit Insurance Group Company multiple times for profit-making activities, with a total loan amount of RMB 150 million; From 2014 to 2018, the defendant Xiao Yuhai improperly performed his duties, violated the work procedures and major decision-making matters stipulated in the company's articles of association, and required the relevant staff of Qinghai Provincial Credit Insurance Group Company and its subsidiaries to illegally and irregularly handle loan guarantees and other business for the relevant companies without conducting due diligence on the relevant enterprises, evaluating the counter guarantee collateral, and implementing the collateral. As of November 27, 2020, the defendant caused a total economic loss of over RMB 664.78 million to Qinghai Provincial Credit Insurance Group Company and its subsidiaries.

The court believes that the defendant Xiao Yuhai, as a state employee, took advantage of his position to seek benefits for others during his tenure as the Party Secretary and Chairman of Qinghai Credit Guarantee Group Co., Ltd. He illegally accepted property from others multiple times, and the amount involved was particularly huge. His behavior constitutes the crime of bribery; The defendant Xiao Yuhai, as a state official, took advantage of his position to misappropriate public funds for personal use. The circumstances are serious, and his behavior constitutes the crime of misappropriating public funds; The defendant Xiao Yuhai, as a staff member of a state-owned company, abused his power, causing particularly significant losses to national interests. His behavior constitutes the crime of abuse of power by personnel of a state-owned company. The prosecuting authority, the People's Procuratorate of Xining City, accuses the defendant Xiao Yuhai of bribery, embezzlement of public funds, and abuse of power by state-owned company personnel. The facts are clear, the evidence is true and sufficient, and the charges are established. The defendant Xiao Yuhai has committed several crimes, and he shall be punished for several crimes in accordance with the law. Considering that the relatives of the defendant Xiao Yuhai actively returned the stolen funds involved in the case, they may be given a lighter punishment at their discretion. According to relevant laws and regulations, the court has made the above judgment in accordance with the law.

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case
Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest
Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology
Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet
The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale
New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【