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
Business /  China Business

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
Pearl Liu
Pearl Liu

Updated: 3:17am, 12 Aug, 2020

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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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