Posts tagged ‘the Communist Party’

17/07/2014

Ex-Mongolia party officer gets life imprisonment for taking millions in bribes | South China Morning Post

A mainland regional official was sentenced to life imprisonment today for bribe-taking, a court said, the first high-ranking bureaucrat to be jailed in the corruption crackdown overseen by President Xi Jinping.

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Wang Suyi, 53, was last year removed from his post as chief of the Communist party’s United Front Work Department in the northern region of Inner Mongolia, an agency that liaises between the ruling organisation and non-communist groups.

He was convicted of bribery and sentenced to life in prison by the First Intermediate People’s Court of Beijing, the court said on its official account on Weibo.

He was charged with taking more than 10.73 million yuan (HK$13.5 million) in bribes between 2005 and last year in exchange for securing business deals for companies and promotions for individuals, earlier local media reports said.

Wang was the first official to face criminal trial among the 40 of vice-ministerial or higher rank investigated since China’s once-in-a-decade power transition in 2012 that anointed Xi as chief of the ruling Communist Party, according to the reports.

The South China Morning Post previously quoted a senior editor with a regional party newspaper as saying that Wang’s mistresses accused him of taking 100 million yuan in bribes, and of nepotism involving about 30 relatives.

Xi took office as president last year and has vowed to root out corrupt officials, warning that graft could destroy the ruling party.

Corruption causes widespread public anger in China and the drive has been widely touted.

At least 10 mainland provinces have launched investigations to track down so-called “naked officials”, those whose relatives have moved abroad, and the party is increasingly punishing members on charges of “adultery”, as it tries to clean up cadres’ reputation for corruption and womanising.

But critics say no systemic reforms have been introduced to combat it, while citizen activists calling for such measures have been jailed on public order offences.

via Ex-Mongolia party officer gets life imprisonment for taking millions in bribes | South China Morning Post.

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19/04/2014

Bank of China vice-president resigns over allegations of affairs | South China Morning Post

A vice-president of China’s fourth largest bank has resigned after he was investigated by the Communist Party’s top discipline body but cleared over suspicions of corruption, Chinese media reported.

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Wang Yongli, 50, a vice-president and executive director of the Hong Kong-listed Bank of China, had resigned from the bank effective on Wednesday, the bank said in a statement on Friday night.

Wang, who holds a doctoral degree in economics from China’s Xiamen University, had worked at the bank for 25 years and been vice-president for more than seven. He had been in charge of various key departments within the bank, including finance and IT, before being promoted to vice-president in 2006.

Wang was a hot contender for the bank’s top job when its former president Li Lihui retired at the end of last year, but lost out in the competition to fellow Vice-President Chen Siqing, who was named Bank of China’s president in January this year, reported Beijing-based Caixin magazine.

Caixin cited multiple sources as saying that a “lover” of Wang, who is married, had alerted the Communist Party’s Central Commission for Discipline Inspection to the fact that Wang, a Party member, had maintained multiple extramarital affairs in violation of party discipline.

The anti-corruption body then conducted months of investigation into Wang but found no evidence of “economic problems”, or corrupt behaviour involving money, said Caixin.

Wang was not charged with any crime, but was placed on a two-year probation within the Party as an internal disciplinary measure, it said.

Bank of China was the fourth largest bank in the mainland and 11th in the world with US$2,226 billion in total assets, according to a ranking by SNL Financial in December last year.

Wang is among the latest senior executives at Chinese state-owned firms to be investigated for romantic liaisons.

via Bank of China vice-president resigns over allegations of affairs | South China Morning Post.

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