China has condemned one of the nation’s top bankers to death after he was found guilty of accepting $277 million in bribes
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China has condemned one of the country’s top bankers to death over bribery and bigamy charges.
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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.
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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.
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Xiaomin’s death sentence comes amid Chinese President Xi Jinping’s anti-corruption campaign.