EX-PORTFOLIO MANAGER CHARGED WITH CORRUPTION IN CHINA EXECUTED


30/01/2021




Serhat TUNAR -TDO- Lai Xiaomin, the former head of China's state-owned Huarong Asset Management Company Accused of corruption and bribery, has been executed.

Lai Xiaomin, a former senior member of the Communist Party and former head of Huarong Asset Management, one of the largest state-controlled asset management companies, has been executed, Chinese media reported on the matter.

Lai's death sentence, issued by the court on January 5 for corruption, bribery and various crimes, was upheld by the Supreme People's Court in the capital Beijing, and after this decision, the Tiencin Second Intermediate People's Court applied the death penalty yesterday morning.


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