A former mid-level official from northeastern China has hit the headlines after allegedly amassing a fortune in illegal gains before leaving the country. Li Chuanliang, deputy mayor of Jixi in Heilongjiang province during the early 2010s, is accused of having pocketed as much as 3.6 billion yuan (US$423 million) in bribes and embezzled public funds. … Read more
According to the Supreme People’s Procuratorate, Li is accused of serious violations, including severe breaches of party discipline and abuse of power, following an investigation by the National Supervisory Commission that concluded in late September. Li is accused of ignoring regulations by accepting invitations that could compromise his impartiality, breaching organisational principles to benefit others … Read more
While numerous officials have been caught up in China’s sweeping anti-corruption campaign since President Xi Jinping took power more than a decade ago, death sentences that are not suspended remain a rarity in corruption cases. CHIH is an offshore unit of China Huarong Asset Management (CHAM). It was taken over by the Citic Group and … Read more
