Law

Unveiling the veil of new corruption and making it difficult to conceal hidden corruption

2025-12-04   

The "Two Highs" have released typical cases to punish job-related crimes in the financial sector, unveiling a new type of corruption "veil", making it difficult for hidden corruption to "hide" and accept bribes by joining a company to obtain "labor remuneration"; The Supreme People's Court and the Supreme People's Procuratorate recently jointly released a typical case of punishing job-related crimes in the financial sector in accordance with the law, disclosing relevant cases. The judicial authorities have penetrated the "veil" of new hidden corruption and sentenced the defendants to punishment in accordance with the law, making new corruption not "new" and hidden corruption difficult to "hide", and accurately and effectively punishing them. The Huang bribery case is a typical case of the judicial authorities punishing the bribery crime of the political and business "revolving door" in accordance with the law. The defendant Huang, taking advantage of his position as the General Manager of the Asset Management Department and Institutional Business Department of a state-owned commercial bank, as well as the convenient conditions formed by his authority and status, directly or through the actions of other national staff, provided assistance to Huang's actual control of the company's entry into a specific customer list of a state-owned commercial bank. Huang and Huang agreed that Huang would first provide Huang with a portion of the expenses under the name of "settling in allowance", and then continue to provide the money under the name of "salary" after Huang resigns and enters the company under Huang's actual control. In March 2018, the defendant Huang resigned from a state-owned commercial bank after receiving 30 million yuan in "settling in allowance" from a company actually controlled by Huang Sen. On August 13, 2018, he signed a labor contract with a subsidiary of the company, agreeing to a salary of 5 million yuan per year and a bonus of 5 million yuan per year. As of March 13, 2022, Huang Mousen actually controlled the company and provided Huang with a total of over 42.68 million yuan in assets under the names of "settling in allowance," "bonus," "salary," etc., with an additional "salary" of over 10.11 million yuan unpaid. In addition, Huang illegally accepted more than 3.33 million yuan in property from others. The court sentenced the defendant Huang to 14 years in prison and imposed a fine of 4 million yuan on him for accepting bribes, and recovered the proceeds and gains of the crime in accordance with the law. The crime of bribery through the "revolving door" of politics and business often involves various links such as seeking profits during employment, "receiving salaries" after resignation, and may even be disguised as "talent introduction", "expert consultants", "corporate executives", etc. It is highly covert and difficult to investigate and deal with. The judicial authorities sentenced Huang to criminal punishment in accordance with the law, clearly drew a legal red line, purified the financial market ecology, and maintained social fairness and justice. The judicial authorities have punished the crime of "cooperative operation" bribery in accordance with the law, and the bribery cases of Li and Xu are typical examples. In this case, the defendants Li and Xu, as state-owned trust practitioners, took advantage of their positions to receive property under the guise of "cooperative operation" without actually contributing capital. The judicial authorities' sentencing of Li and Xu in accordance with the law reflects their clear attitude of "zero tolerance" towards corruption crimes in the trust industry, and demonstrates their firm determination to severely punish bribery crimes in the financial sector in accordance with the law. Typical cases still adhere to strict punishment according to law. The case of Liu accepting bribes and using influence to accept bribes, the defendant accepted bribes of more than 150 million yuan and used influence to accept bribes of more than 37 million yuan, resulting in the inability to recover a huge loan. The case of Wu accepting bribes, misappropriating public funds, illegally issuing loans, and issuing financial instruments in violation of regulations resulted in the defendant accepting bribes of over 275 million yuan and misappropriating public funds of over 508 million yuan. Both defendants in the two cases have been sentenced to death with a reprieve and life imprisonment in accordance with the law, demonstrating the clear stance of the judicial authorities in strictly punishing job-related crimes in the financial sector in accordance with the law. (New Society)

Edit:Wang Shu Ying Responsible editor:Li Jie

Source:Workers' Daily

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