As the first major corruption case investigated and dealt with in the insurance field after the reform of China management financial enterprise, since Liu Hong was examined and investigated on March 22, 2019, the discipline inspection and supervision team of the State Supervision Commission of the Central Commission for Discipline Inspection and the State Supervision Commission of Shandong Province cooperated with the discipline inspection and supervision commission of Shandong Province to find out Liu Hongs major violations of discipline and law within six months, and then expelled him from the party According to relevant regulations, they will be expelled. What are the specific problems of Liu Hongs violation of discipline and law? What role has the joint investigation mechanism played? The reporter interviewed the relevant investigators.
He has been a financial broker for more than ten years and has taken bribes of more than 30 million yuan by taking advantage of his position
PICC investment control was established in August 2007. In October of the same year, Liu Hong served as secretary of the Party committee and President of the company. As of his retirement, he had been in office for more than 11 years.
Insurance is the stabilizer of the national economy. As the real estate investment management platform and alternative investment management platform of PICC group, PICC investment control undertakes the important responsibilities of state-owned assets management, value maintenance and appreciation. As the Secretary and President of the investment control Party committee of the peoples Insurance Corporation, Liu Hong not only failed to perform his duties well, but also expanded his selfish desire, lost step by step, and fell into the abyss of serious violations of discipline and law.
The main manifestation of Liu Hongs violation of discipline and law is to use the financial resources in his hands and act as a financial broker to seek personal gains without authorization. According to the case handling personnel, Liu Hong, taking advantage of his position, repeatedly sought benefits for others and received property. Among them, he received cash of 4.99 million yuan only in accepting the entrustment of the secondary beneficiary of credit financing of the trust company and providing assistance for its loan business and purchase qualification examination.
While taking the lead in violating discipline, Liu Hong also colluded with the members of the team to make money. In October 2012, Liu honghuo, together with Liu Jidong, former member of the Party committee and vice president of the peoples insurance investment and control company, demanded RMB 5 million from the client with the threat of not cooperating with the transfer of shares. Liu Hong actually got 2.2 million yuan. In addition, they also purchased two sets of real estate from the client at a price significantly lower than the market price. The difference between Liu Hongs actual payment and the appraisal price was 2497100 yuan.
In 2015, in the face of the central inspection and the audit of the National Audit Office, Liu Hong did not confess to the organization, but continued to take risks to confront the organization investigation in various ways. In order to cover up the fact that he had received the equity and benefit fees of local companies before, Liu Hong instructed his nephew to sign a false loan agreement and a false equity transfer agreement, and forged the false appearance of repayment of loans and equity transfer. At the same time, it unifies the caliber with the business manager of a trust company, through signing a false loan agreement, forges the false appearance of repayment of loan, and conceals the fact that it receives business commission. After 2016, Liu Hong believed that the organizations investigation had been completed, and some of the money that had been falsely returned in the early stage was required in succession.
On March 22, 2019, the website of the Central Commission for Discipline Inspection and the State Supervision Commission announced that Liu Hong was suspected of serious violations of discipline and law. Currently, he is under disciplinary review by the discipline inspection and supervision group of the Central Commission for Discipline Inspection and the State Supervision Commission of Shandong Province. On August 28 of the same year, Liu Hong was expelled from the party, and his income from violation of discipline was collected, and he was expelled by the PICC in accordance with relevant provisions; his suspected criminal problems were transferred to the procuratorial organ for examination and prosecution according to law, and the property involved was transferred along with the case.
Photo source: photo web
The case is complicated and professional, so the joint task force takes advantage of coordination to quickly find out the facts
On August 31, 2020, the intermediate peoples Court of Jinan City, Shandong Province, publicly sentenced Liu Hong to bribery in the first instance. The reporter noted that in the first instance judgment of the court, Liu Hong took the initiative to account for most of the bribery facts that the case handling organs had not yet grasped after arriving at the case, and most of the stolen money and property had been recovered, so he could be given a lighter punishment according to law.
The most distinctive feature of this case is its complexity and professionalism. The person in charge of the discipline inspection and supervision group of PICC said that Liu Hongs major violations of discipline and law could be found out within six months, and Liu Hong could confess and repent from his heart. The scientific coordination, key breakthrough and all-round coordination of the joint task force played a key role.
In view of the actual situation of Liu Hongs case involving securities, trust and other financial fields, at the beginning of the investigation, the discipline inspection and supervision team of PICC group selected personnel who are familiar with the companys situation and have rich experience in investigating and dealing with financial problems from the PICC system, as well as financial professionals who have been engaged in finance for many years to join the joint task force, so as to solve the professional problems in the process of handling the case in a timely manner. The Shandong provincial regulatory commission has designated Jinan municipal supervisory organs to specially transfer personnel with strong case handling ability, familiar with policies and regulations, as well as business experts of procuratorates, public security and other relevant units to participate, and made key progress in such important links as arrest and detention, breakthrough in interrogation, investigation and evidence collection.
In addition to the personnel allocation, the joint task force has always adhered to the scientific division of labor and each has its own emphasis. The reporter learned that in the process of jointly handling cases, the discipline inspection and supervision group of PICC in China focused on the review of violations of Party discipline, and the Jinan Municipal Supervision Commission focused on the investigation of illegal and criminal issues. At the same time, the joint ad hoc group also pays attention to the overall planning of efforts, and allocates the case handling personnel of Jinan Municipal Supervision Committee to assist in the difficult problems encountered in the process of examining violations of Party discipline, and provides necessary policy and legal advice.
For example, when encountering difficult problems and major tasks in the investigation of illegal and criminal issues, the discipline inspection and supervision team of PICC will give full play to the advantages of being familiar with enterprises and relevant personnel, introduce the situation in advance, and enhance the pertinence of work. Before questioning the more sensitive persons involved in the case, the comrades of the supervision commission will participate in the preliminary work together, formulate the scheme, compile the outline and discuss the countermeasures, and at the same time, explain the policy to the questioned person, do a good job in ideological work, and ensure the safety and smooth inquiry. According to the relevant person in charge of the discipline inspection and supervision team of PICC, discipline review and supervision and investigation work has always been coordinated and completed in the whole joint handling process.
According to the courts hearing, from 2010 to 2019, Liu Hong took advantage of his position as secretary and President of the investment control Party committee of PICC, accepted the entrustment of relevant units and individuals, obtained interests for the client in financial business activities, equity transfer, personnel work arrangement, etc., and accepted stock rights, RMB, gas cards, shopping cards and other properties, which was equivalent to RMB 305782230. Finally, Liu Hong was sentenced to 13 years imprisonment and a fine of 2 million yuan.
Photo source: photo web
The frequent abuse of power for personal gain in the financial sector exposes the absence of internal governance and external supervision
The reason why a small number of Party members and cadres in the financial field can take advantage of their positions to open up the door of seeking personal gains is due to the problems of cadres themselves, as well as the reasons for the omission of internal governance and external supervision.
The weakening of the leadership of the peoples insurance, investment and control party is another important reason for Liu Hongs illegal and criminal road. Investigators said that in the nearly eight years since Liu Hongs major violations of discipline and law occurred, his party organizations theoretical study has gone through the field, and democratic life will take shape. Even after Liu Hong was detained, some members of the team who worked with him were still very secretive and reticent, and were not willing to take the initiative to report his situation to the organization.
In addition, the lack of internal supervision of PICC investment control can not be ignored. The reporter noted that the top leaders of financial enterprises often combine human rights, administrative power and financial power. Many financial institutions are shouldered by the party and the government. As a result, the exercise of power is weak and the risk of problems is relatively high. In contrast, on September 27 this year, Tai Ge, Secretary of the Party committee and chairman of the board of Jilin Trust Co., Ltd., was informed of his dismissal. Before Taige, Jilin trust has been investigated for two consecutive terms.
According to the investigators, Liu Hong has been the head of the investment and control of PICC for more than 10 years. He has cultivated many principal department heads and many employees, leading to his major decisions on key business development and personnel selection and appointment, and down to trivial matters in daily management. No one can manage the company from the members of the team to the ordinary staff, which makes Liu Hong act in a reckless way, and finally slide into the abyss of illegal crimes.
Joint operation has become an effective measure to investigate and deal with violations of discipline and law in the financial field
According to the bulletin on the website of the Central Commission for Discipline Inspection and the State Supervision Commission, in the past year, under the high pressure of anti-corruption in the financial field, Guo Jizhuang, former party secretary and President of Qinghai Branch of China Construction Bank, Yang De, former member of the Party committee and vice president of Hubei Branch of China Development Bank, leading cadres of higher financial institutions have been investigated and punished, and Jia Qizhen, former member of the Party committee of the Inner Mongolia regulatory bureau of the CIRC, has been investigated and punished, Director of the Financial Supervision Bureau of Fujian Province, Qi Yuan, Secretary of the Financial Supervision Bureau.
According to the circular, the discipline inspection and supervision team of the Central Commission for Discipline Inspection and the National Supervision Commission of the local commission for Discipline Inspection jointly handle cases with the supervision committee of the local commission for Discipline Inspection, which has become a routine practice to investigate and deal with the problems of discipline violation and law breaking in the financial field. For example, Guo Jizhuang was jointly investigated and investigated by the discipline inspection and supervision group of the Central Commission for Discipline Inspection and the State Supervision Commission of China Construction Bank and the supervision commission of Qinghai Provincial Commission for Discipline Inspection, and Jia Qizhen was investigated by the discipline inspection and supervision group of the Central Commission for Discipline Inspection and the State Supervision Commission of the Central Commission for Discipline Inspection in the China Banking and Insurance Commission and the Discipline Inspection Commission of the Inner Mongolia Autonomous Region.
Through investigating and handling the Liu Hong case, the staff of the discipline inspection and supervision team have been assigned to study and strengthen the basic process of investigating and handling the detaining case, and understand and master the interrogation and inquiry skills as well as the ways and means of cooperation with relevant departments. The comrades of Jinan Municipal Regulatory Commission further understood the situation and characteristics of relevant financial fields and financial enterprises, and mastered the general rules and unique methods for investigating and handling cases in the financial field. The person in charge of the discipline inspection and supervision group of PICC said that all the staff involved in the project could learn from each other and improve together by holding a case analysis meeting, organizing experience introduction and summarizing work.
Strengthen the cooperation of multi departments and unite the joint efforts of preventing and resolving financial risks
The large banking department is an internal institution in the CIRC that undertakes the functions of access management of large state-owned commercial banks. The discipline inspection and supervision group of the CIRC promotes the establishment of a communication and contact mechanism with the large banking department, and the large banking department needs to submit daily regulatory information to the discipline inspection and supervision team of the CIRC on a regular basis. At the same time, according to the needs of the work, the discipline inspection and supervision team stationed in the conference will hold tripartite meetings with the large banking department and the discipline inspection and supervision group of large banks to report the common problems found in the supervision and supervision of large banks, and to communicate with duty-related crimes and crime means in the financial field, so as to jointly promote the large banks to improve their corporate governance level and management ability.
Preventing and resolving financial risks is the foothold of investigating and dealing with corruption cases in the financial field. The person in charge of the discipline inspection and supervision team of PICC said that the joint investigation and handling of corruption cases in the financial sector by the discipline inspection and supervision team and the local commission for Discipline Inspection and supervision should always pay attention to the organic combination of education and warning, promotion of Party building and improvement of system, and plugging of loopholes. We should not only deeply analyze the causes of the case from the perspective of financial enterprises, do a good job in rectification from point to area, but also find out and make up for deficiencies in the system. Through investigating and handling cases, we should promote financial enterprises to form a complete system prevention and control system in terms of capital flow, personnel adjustment, project approval, etc., so as to comprehensively improve the construction level of financial enterprises.
Source: Daily Economic News Editor: Wang Xiaowu_ NF