Lai Xiaomin was also accused of colluding with others to illegally embezzle public assets worth more than 25.13 million yuan between the end of 2009 and January 2018. Photo: Weibo Lai Xiaomin was also accused of colluding with others to illegally embezzle public assets worth more than 25.13 million yuan between the end of 2009 and January 2018. Photo: Weibo
Lai Xiaomin was also accused of colluding with others to illegally embezzle public assets worth more than 25.13 million yuan between the end of 2009 and January 2018. Photo: Weibo

Ex-chairman of Hong Kong-listed bad asset manager Huarong pleads guilty to accepting US$257.7 million in bribes

  • Lai Xiaomin is the former head of China Huarong Asset Management and director general of the People’s Bank of China’s banking supervision department
  • He pled guilty to all charges during a public trial in Tianjin on Tuesday

Topic |   Corruption in China
Lai Xiaomin was also accused of colluding with others to illegally embezzle public assets worth more than 25.13 million yuan between the end of 2009 and January 2018. Photo: Weibo Lai Xiaomin was also accused of colluding with others to illegally embezzle public assets worth more than 25.13 million yuan between the end of 2009 and January 2018. Photo: Weibo
Lai Xiaomin was also accused of colluding with others to illegally embezzle public assets worth more than 25.13 million yuan between the end of 2009 and January 2018. Photo: Weibo
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