1.788 billion! Lai Xiaomin embezzled, bribed, married and had two sons

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 1.788 billion! Lai Xiaomin embezzled, bribed, married and had two sons


From 2008 to 2018, the defendant Lai Xiaomin served as the director of the general office of China Banking Regulatory Commission, deputy secretary and President of the Party committee of China Huarong Asset Management Company, secretary and chairman of the Party committee of China Huarong Asset Management Co., Ltd., and Secretary (concurrently) of the Party committee of Huarong Xiangjiang Bank Co., Ltd The former refers to seeking benefits for the relevant units and individuals, or taking advantage of their power and status to seek illegitimate benefits for others through the official acts of other state functionaries, and directly or through others to ask for or illegally accept the property given by relevant units and individuals, which is equivalent to more than 1.788 billion yuan, of which more than 104 million yuan has not yet been received. From the end of 2009 to January 2018, Lai Xiaomin took advantage of his position to illegally occupy public funds with others, totaling more than 25.13 million yuan. In addition, during the legal marriage, Lai lived with others in the name of husband and wife for a long time, and had two sons. According to the law, they should be investigated for their criminal responsibility by taking bribes, corruption and bigamy.

During the trial, the public prosecution organ presented relevant evidence, Lai Xiaomin and his defenders cross examined, the prosecution and the defense fully expressed their opinions under the auspices of the court, and Lai Xiaomin also made a final statement and pleaded guilty and repented in court. Deputies to the peoples Congress, CPPCC members, journalists and people from all walks of life attended the trial.

Financial first greedy Lai Xiaomin: dare not spend 200 million cash, canteen chefs arrange their own people

The name of the people is playing out in reality again!

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Just broadcast this episode, disclosed in detail in the financial sector an extremely bad impact, extremely painful lessons - the case of Lai Xiaomin.

Lets briefly introduce Lai Xiaomin, former party secretary and chairman of China Huarong Asset Management Co., Ltd. at the end of 2018, he was suspected of bribery, corruption and bigamy, which was put on file by the State Supervision Commission for investigation.

The cash is 200 million, which is astonishing

During the investigation of this case, the ad hoc group found a house where Lai Xiaomin hid the stolen money in a residential area of Beijing. There were several safes in it, and the cash stored was more than two billion yuan.

In order to evade the investigation, Lai Xiaomin asked the briber to pay in cash. After collecting the money, he drove to the house and put it in the safe by himself. He would make several more rounds on the road to avoid being followed. Between him and some close acquaintances, he talked about the house in secret language, calling it supermarket.

Lai Xiaomin said: take it and put it there. Its like going to the supermarket often. Its called the supermarket. Its in the iron cabinet. Theres no money spent in the tin cabinet. Its all put there. Finally, its collected by the organization. So whats the use of asking for so much money? In the end, I didnt dare to spend it or use it. I was also worried.

Millions of luxury cars fill the garage

The huge amount of cash hidden in the supermarket is only part of Lai Xiaomins illegal income. In addition to cash, he also received a large number of real estate, famous cars, watches, gold, calligraphy and painting. The final amount of his illegal income still needs to be determined by the judicial organ, but it will undoubtedly be a shocking figure.

Chen Qingpu, deputy director of the Cadre Supervision Office of the Central Commission for Discipline Inspection and the State Supervision Commission, said: he is very greedy for the possession of materials. He cant use so many watches. Who can use them? He just wanted it. Its the same with cars. Bentley, Mercedes Benz, alpha, and an underground garage are all his cars. They are millions of luxury cars.

The amount of illegal income of Lai Xiaomin is huge. In addition to his greedy desire, it also reflects some characteristics of financial industry corruption which is different from other industries.

Chen Qingpu said: the financial sector is a capital intensive and resource intensive field. Other industrial fields are a project, that is, two or three billion yuan. In the financial sector, when a financing reaches several billion yuan, Lai Xiaomin also knows his price, and he knows how much benefits he can bring to people.

Replacing state power with personal interests

As the person in charge of state-owned financial enterprises, Lai Xiaomins power is given by the state and the people, but he has forgotten the responsibility behind the power, and in the process of contacting with the big boss of private enterprises, he replaced the state power with personal interests.

Lai Xiaomin said: the financial industry deals with money every day, and the boss he contacts is always hundreds of millions, tens of billions and tens of billions. Giving you some money is a piece of cake for him. He thinks that I support him so much, which helps him develop. I feel very normal. Sometimes the boss tells you that I have bought a lot of houses recently. If the location and location are very good, he will tell you. He doesnt care. Anyway, there are so many houses for you. You ask him for a set, or the car is good. I like to drive this kind of car. Stay with me. It was very numb at that time.

In pursuit of personal interests, Lai Xiaomin has seriously damaged the national interests. Huarong company is a state-owned non bank financial institution approved by the State Council and controlled by the Ministry of finance. Its main business is to deal with the non-performing assets of state-owned banks. However, Lai Xiaomin was radical in operation and expanded rapidly. He opened dozens of subsidiaries and branches, and rapidly developed into a financial group with full licenses of banking, securities, trust, investment, futures and financial services. He seriously deviated from the main business and even violated national policies, and participated in some projects that state-owned financial institutions were forbidden to set foot in.

Bai Tianhui (former general manager of Huarong International): if he goes up, he will definitely need performance. He wont consider the long-term risks. As long as you make the scale for me at the first time and realize the short-term profits for me, he doesnt care about the risks after three or five years. If he wants to pursue short-term performance, we can only invest in relatively high-risk projects, such as real estate, such as stocks.

While pursuing his political achievements, Lai Xiaomin also seeks his personal interests crazily. Under his direct intervention, Huarong company has provided a large amount of funds to the private enterprises with which he has the interest transmission relationship. These projects were designated and cooperated by Lai Xiaomin from top to bottom. The approval procedures were inverted. The subordinates knew that this was what the chairman meant. Therefore, the assessment and risk prevention and control of these projects became mere formality.

Bai Tianhui: there are a lot of projects that are directly explained by Lai Xiaomin and belong to his friends. Sometimes, in order to complete the tasks assigned by the leaders, many factors and points from the perspective of the market are either ignored or beautified.

In fact, the risks accumulated by Lai Xiaomins radical operation have gradually emerged. Some huge investments and loan businesses have problems, and the funds are difficult to recover. Huarong was originally the disposer of non-performing assets, but gradually alienated into a financial risk maker. However, after the problems appeared, Lai Xiaomin did not return to the right path in time. Instead, he used the so-called professional experience to cover up his thirst by drinking poison.

Bai Tianhui: he also said that if there is a risk, I Huarong is engaged in non-performing assets, and I can solve it. But his solution to non-performing assets does not depend on technology and operation, but on taking more money to fill in larger holes. Moreover, he also said that if there is a risk, we can raise funds and extend the risk appropriately. In this way, accumulated over time, there are risks, and then take more money to smash in, which is a vicious circle.

According to the business scope of Huarong company at the beginning of its establishment, it was supervised by the CBRC. However, after it developed into a full financial license company, its business in different aspects was supervised by CBRC, CIRC, CSRC and other institutions. So he took advantage of the gap. When the business of which sector was to be inspected, he moved the funds from other sectors first, demolished the east wall to pay Pauls wall, kept moving around and racking his brains to cover up the hole.

The gap brought about by the specialization of the financial industry and the gap brought about by separate supervision, together with Lai Xiaomins intention to evade the supervision, makes it difficult for the external supervision to arrive, and the internal supervision of Huarong company is also in vain and has not played a role.

Lai Xiaomin: I choose the Secretary of the Party committee, the chairman of the board of directors and the legal person. The Secretary of the Discipline Inspection Commission is still in charge of his own party committee. How can he have much authority? The Secretary of the Commission for Discipline Inspection is a member of my party committee and a subordinate of mine. It is very difficult for him to supervise me. To tell the truth.

All the chefs in the canteen should be arranged by themselves

Wang Pinghua has the final say: what is the role of the old Lai? What is your official hat? How much performance do you get every year? You want to develop in your own group, and you want to get much money to support it. Basically, its a long Lai and a pen. If you say that you can do it at one time, if you can do it twice or three times, I think your position will be adjusted, because we have living examples.

Relying on the power of personnel in the hands of small civil servants, they excluded dissidents and appointed cronyists, and regarded state-owned enterprises as their private territory. Lai Xiaomin is from Ruijin, Jiangxi Province. From the management level to the canteen chef, he has arranged his own fellow villagers in many positions.

Bai Tianhui: most of them are his fellow villagers. Therefore, his personal color is very strong, and he does not hide his arbitrary and arbitrary, and he enjoys the feeling of being held and respected by others.

The employment orientation of Lai Xiaomin also made most of the opposition voices silent, and the people who were willing to go along with their way. The political environment of Huarong company has deteriorated seriously. As time goes by, Lai Xiaomin can not hear any criticism and reminders. In the sound of praise, he is even more forgetful.

Li Zhonghua (deputy director of the third supervision and inspection office of the Central Commission for Discipline Inspection and the State Supervision Commission): Lai Xiaomin himself rejected the leadership of the party from the bottom of his heart, so he turned Huarong company into a family of his own. All the internal and external supervision failed. Many reasons and one result led to Lai Xiaomins (case), which has become an extremely bad influence in the financial field in recent years This is a case in which the lesson is extremely painful.

This case reveals that the leadership and construction of the Party of Huarong company are weakened, weakened, virtual and marginalized, and the discipline inspection department is difficult to perform their duties and the supervision is seriously lacking. This phenomenon also exists in other financial enterprises to varying degrees. In the new round of post office reform, the discipline inspection and supervision teams are directly assigned to 15 financial enterprises under the supervision of the central government, which is to take countermeasures against the weak links of supervision. In the past few years, only 10 cases have been transferred to justice by 15 financial enterprises, while nearly 20 cases have been transferred to justice within one year after the reform.

Double open in 2018

In October 2018, the Central Commission for Discipline Inspection and the State Supervision Commission conducted a case investigation on Lai Xiaomin, former Secretary of the Party committee and chairman of China Huarong Asset Management Co., Ltd., for serious violations of discipline and law.

According to the investigation, Lai Xiaomin violated the political discipline and rules, violated the guidelines and policies of the central financial work, blindly expanded and disorderly operated, which led to the companys serious deviation from its main responsibility and main business, failed to fulfill the main responsibility of comprehensively and strictly administering the party, resulting in adverse political influence; he engaged in political speculation, promoted personal positions, beautified and publicized individuals, made political capital, and participated in superstitious activities Anti tissue review.

Violating organizational discipline, engaging in unorganized activities in the process of election of deputies to the peoples Congress and cadre recommendation, appointing people only for power, profit and circle in the process of cadre selection and appointment, which seriously pollutes the political ecology of enterprises; fails to truthfully explain problems in the process of organizing correspondence, and fails to report relevant personal matters as required.

He violated the discipline of integrity, accepted gifts and cash gifts, made profits for relatives and friends by taking advantage of his power or position, and engaged in power and sex trading with many women.

Violate work discipline, make decisions on major issues of the company in violation of regulations, and intervene in specific projects by leaps and bounds.

Taking advantage of the convenience of position or power and position to seek benefits for others and accept huge amount of property is suspected of bribery crime; taking advantage of the convenience of position, illegally occupying public property is suspected of corruption crime.

As a leading cadre of Party members, Lai Xiaomin has lost his ideal and belief completely, and his party spirit principle has disappeared. He is willing to be hunted because of his power, corruption, morality and extravagance. He has seriously violated the partys discipline, constituted a duty violation and was suspected of committing a crime. After the 18th National Congress of the CPC, he did not restrain himself or stop his work. He did not have any scruples, did not know how to fear, and intensified his efforts Economic problems are intertwined with each other. Peoples reaction is particularly strong, corruption is particularly serious and of a particularly bad nature, which should be dealt with seriously.

According to the regulations of the Communist Party of China on disciplinary measures and the supervision law of the peoples Republic of China and other relevant provisions, the Standing Committee of the Central Commission for Discipline Inspection has studied and decided to expel Lai Xiaomin from the party; the State Supervision Commission will give him the punishment of expelling from public office; confiscate his illegal income; transfer his suspected criminal problems to the procuratorial organ for examination and prosecution according to law, and the property involved shall be transferred along with the case.

The predecessor of China Huarong is China Huarong Asset Management Company established in 1999, which is specially set up to deal with the huge amount of non-performing assets of ICBC. However, after Lai Xiaomin took office, China Huarong also won the full financial licenses of banking, securities, leasing, trust, futures and consumer finance, and became a real financial holding group.

According to the data, in 2017, China Huarong achieved a total revenue of about 128.07 billion yuan and a profit after tax of about 26.59 billion yuan, up 15.1% year-on-year; its total assets reached 1.87 trillion yuan, a year-on-year increase of 32.5%; and its capital adequacy ratio reached 13.06%. According to the preliminary assessment of China Huarong, the net profit attributable to shareholders of the company in 2018 is expected to decrease by 90% - 95% compared with the same period in 2017.

Resume of Lai Xiaomin

He took part in the work of the peoples Bank of China in July 1983. He served as deputy director and director of the central fund division, director of the second banking division, deputy director of the credit management department, and deputy director of the second Banking Supervision Department of the peoples Bank of China; deputy bureau level cadre of the second Banking Supervision Department of the China Banking Regulatory Commission; head of the preparatory group of Beijing regulatory bureau; director and Secretary of the Party committee of the Beijing Banking Regulatory Bureau; and general office of the CBRC Director, director of the Party committee office, chief spokesman; Deputy Secretary of the Party committee and President of China Huarong Asset Management Company. At present, he is also the vice president of China Federation of enterprises and vice president of China International Chamber of Commerce.

(function(){( window.slotbydup=window .slotbydup||[]).push({id:u5811557,container:ssp_ 5811557, async:true }5 officials are down in 3 days! From Lai Xiaomin, who keeps 200 million cash at home, to Jinghui, the anti-corruption of the financial system is still going on_ NB5793