Lai Xiaomin, former president of" target="_BLANK">China Huarong Asset Gestment Co Ltd, was executed by corruption on Friday after his death sentence was approved by the Top Top.

Lai was convicted of bribery, embezzlement and bigamy by a local court at Tianjin on January 5. The Tribunal condemned Lai to death, deprived of LAI of his political rights for life and confiscated all the assets of him.

Lai appealed, but Tianjin Tribus court, higher ruled the facts at the first trial were clear, the evidence was sufficient, the appropriate judgment and the trial was carried out by proceedings due.

The court then presented the sentence to the Supreme People's Tribunal for review, since all death penalties in the country, has to obtain the final approval of the upper court.

After the review, the Top Court confirmed the fault. According to the verdict, Lai took an improper advantage of the various positions of him to seek illegitimate interests for others. In return, he requested and accepted money and gifts worth more than 1.78 billion yuan ($ 276 million).

lai also took advantage of the position of it to embed and extort public funds from more than 25,13 million yuan. Also, she had been living with another person like her husband for a long time, while she already had a legal spouse.

Given the fact that LAI committed three crimes and the amount of bribery was huge, and the behavior of him had graves. Consequences for the interests of the country and the people, he must be punished severely even though he later cooperated with the probe, the Top Court said at a launch.

Tianjin Tianjin court of NIOD 2 intermediate. The execution after receiving the opinion of the upper court. Before execution, LAI fulfilled its close relatives, as launching.

Xinhua contributed to this story.


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