Beijing [China], December 10 (ANI): China executed Bai Tianhui, the former general manager of China Huarong International Holdings Limited, after his conviction for bribery, Xinhua reported.
The Tianjin No.2 Intermediate People’s Court carried out the execution on Tuesday with approval from the Supreme People’s Court, according to a statement posted on the Tianjin High People’s Court’s official WeChat account, cited by Global Times.
On May 28, 2024, the Tianjin No.2 Intermediate People’s Court sentenced Bai to death, deprived him of political rights for life, and ordered the confiscation of all his personal property for accepting bribes. Bai appealed; the Tianjin High People’s Court rejected the appeal and upheld the original sentence on February 24, 2025, then submitted the case to the Supreme People’s Court for review and approval, Global Times reported.
The Supreme People’s Court found that between 2014 and 2018 Bai, while holding roles including head of the third business development department, general manager and managing director of the investment banking department at Huarong (Hong Kong) International Holdings Co., Ltd., as well as capital operations director, assistant general manager, deputy general manager and general manager of China Huarong International Holdings Co., Ltd., used his positions to obtain benefits for entities in project acquisitions and corporate financing. In return, he illegally accepted money and property totaling over 1.108 billion yuan (about $152.8 million), Global Times said.
The Supreme People’s Court concluded that Bai’s acts constituted the crime of bribery; given the particularly huge amount involved, especially severe circumstances, extremely serious social impact, and significant losses to state and public interests, the case warranted the severest legal punishment. (ANI)
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