(Comprehensive news from Beijing) After Lai Xiaomin, the former secretary of the Communist Party of China and chairman of Huarong Corporation, a state-owned financial asset management company, was double fired (expelled from the party and from public office) this week, the Chinese media continued to report that he was involved in the largest financial corruption since 1949.Lai Xiaomin in the case has three 100s, namely more than 100 related parties, more than 100 houses, and more than 100 mistresses, including well-known female stars.
It is reported that Lai Xiaomin's multiple properties have been seized with a total value of 270 million yuan (RMB, the same below, SGD 54 million) in cash, and his 90-year-old mother's bank account was also found to have another 300 million yuan in cash deposits.
The Central Commission for Discipline Inspection of the Communist Party of China and the National Supervisory Committee announced the results of the disposal of Lai Xiaomin on the 15th., and also used three specials for it: the mass reaction is particularly strong, the corruption problem is particularly serious, and the nature is particularly bad.
Caixin.com reported on the 16th that it further revealed Lai Xiaomin's three 100 points.According to the report, among his more than 100 lovers, dozens of them are from within Huarong, and there are also some well-known female stars, but their names are not disclosed.
The report quoted people familiar with the matter as saying that Huarong's many overseas training courses in Europe, America, Hong Kong and Macau are used to arrange vacations and travel for Lai Xiaomin's mistresses and related households.Lai Xiaomin also arranged for many mistresses to work in the subsidiary, some of whom were senior executives.
In addition, Lai Xiaomin developed a real estate project in Zhuhai City, Guangdong Province through subsidiaries such as Huarong Real Estate. There are a total of 120 suites, of which 100 suites were distributed to his ex-wife and several mistresses through fake lottery.There are even mistresses who ask Huarong's subsidiary to renovate the house and then resell it to others.
On the other hand, although there have been various reports against Lai Xiaomin in recent years, the results of the investigation team sent by the regulatory authorities to Huarong are reportedly nothing.
Huarong insiders said that Lai Xiaomin arranged many children of provincial, ministerial and departmental officials in Huarong, including the leaders of the Ministry of Finance and the relatives and friends of the children of local officials, in order to seek political capital.
People familiar with the matter said that almost all the people related to Lai Xiaomin have been brought to the case.
Huang Xianhui, the general manager of Huarong Beijing Branch who has a close relationship with Lai Xiaomin, also lost contact before the National Day holiday and is suspected to be under investigation.
