Former head of Huarong International executed in China over $155 million bribery
In China, Bai Tianhua, the former head of investment company Huarong International, was executed for accepting bribes totaling $155 million. The investigation found that he used his position to promote projects and secure funding.
Source South China Morning Post
In 2024, he was sentenced to death with full confiscation of his property, and his appeal was rejected. Previously, his former superior, Lai Xiaomin, was executed in 2021 for a similar corruption case.
This case highlights China's strict crackdown on corruption among senior management in state-owned enterprises and signals a possible intensification of oversight in this area.
