Cai Guohua, former chairman of Hengfeng Bank, was rejected

(Beijing Comprehensive News) The second instance of the corruption case of Cai Guohua, former chairman of Hengfeng Bank of China, was sentenced before (27th). The Shandong Provincial Higher People's Court ruled that the appeal was rejected and maintained a decision to slowly die and life imprisonment.

Comprehensive WeChat public account "Chang'an Street Knowledge" and each network report, the Dongying Intermediate People's Court of Shandong Province publicly tried the Cai Guohua case on June 9 last year.The crime, bribery, and illegal issuance of loans were charged, and the amount involved was 10.3 billion yuan (RMB, the same below, S $ 2.142 billion).

The average daily reimbursement costs 400,000 yuan

Cai Guohua was accused of reimbursing 400,000 yuan per day during the chairman of Ren Hengfeng Bank, as well as Xiang a certain somewhereThe company asked for a villa at the top of Taiping Mountain, Hong Kong, with a value of more than 474 million yuan.

The day the day of the trial, the website of the State Commission of Discipline Inspection issued a statement that public banks have become Cai Guohua's private withdrawal machine, which is dazzling.The corruption of its own corruption has also broken the team and created financial risks. "

The court sentenced Cai Guohua to death on November 6 last year. It was executed for two years, deprived of political rights for life, and confiscated all personal property.Prisoners must not be reduced or parole.

Cai Guohua appealed to the judgment at the time.

Cai Guohua, born in 1965, is a believer in Shandong. He has worked in the Communist Youth League system for many years. He then transferred to Zhanhua County and Yantai City.Chairman Feng Bank was investigated in November 2017 for suspected serious disciplinary violations.

Cai Guohua is the second chairman of Hengfeng Bank that has been sentenced to death and life imprisonment.In December 2019, Jiang Xiyun, the former chairman of Hengfeng Bank, issued a financial certificate for corruption, bribery, illegally issued financial certificates, deliberately destroying accounting vouchers, and accounting books. The first instance was sentenced to death and prison.