China has condemned one of the nation’s top bankers to death after he was found guilty of accepting $277 million in bribes

lai xiaomin
Lai Xiaomin in March 2016. STR/AFP via Getty Images
  • China has condemned one of the country’s top bankers to death over bribery and bigamy charges.

  • Lai Xiaomin, ex-chairman of the banking giant China Huarong Asset Management, was found guilty of accepting $277 million in bribes between 2008 and 2018. He’s been called China’s most corrupt financial official.

  • The Chinese Communist Party typically carries out an execution in the form of lethal injection, though that is not a typical punishment for corruption, which usually results in a lifetime prison sentence. 

  • Xiaomin’s death sentence comes amid Chinese President Xi Jinping’s anti-corruption campaign.