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(Original title: First-instance verdict on bribery case of Li Dong, former deputy general manager of China Energy Investment Group Co., Ltd.)

On July 16, 2024, the Intermediate People's Court of Yichun City, Jiangxi Province, publicly pronounced the first instance of the case of Li Dong, former member of the Party Leadership Group and deputy general manager of the State Energy Investment Group Co., Ltd., for taking bribes.Sentenced to life imprisonment, deprivation of political rights for life, and confiscation of all personal property; The property and interest obtained through bribery shall be recovered according to law and turned over to the state treasury.

Pictured: the court trial scene

After trial, it was found that from 1999 to 2023, the defendant Li Dong used the convenience of his positions as deputy secretary and manager of the Party Committee of Shenhua Junggar Coal Company, deputy secretary and chairman of the Party Committee of Junggar Energy Company, deputy chief engineer, member of the Party Leadership Group, and deputy general manager of Shenhua Group, and member of the Party Leadership Group and deputy general manager of the State Energy Group to provide assistance to relevant units and individuals in product sales, coal procurement, business operations, job adjustments and other matters, and illegally accepted property given by relevant units and individuals directly or through others, totaling more than 108 million yuan, some of which was not actually obtained.

Li Dong was accused of accepting bribes of 108 million yuan

The Yichun Intermediate People's Court held that the defendant Li Dong's behavior constituted the crime of accepting bribes, and the amount of bribes accepted was extremely huge, and he should be punished according to law. In view of the fact that some of Li Dong's bribery crimes were attempted, he truthfully confessed all his crimes after being arrested, pleaded guilty and repented, actively returned the stolen money, and all the stolen money and property involved in the case have been recovered, he has statutory and discretionary mitigating circumstances, and he can be given a lighter punishment according to law. The court then made the above judgment.

(CCTV reporter Xi Danni and Zhang Sai)

Further reading

The former deputy general manager of a central financial enterprise was tried for corruption for 25 years and was charged with accepting bribes of more than 81.48 million yuan

According to the People's Daily, on July 11, 2024, the Xinxiang Intermediate People's Court of Henan Province held a public trial of the bribery case of Xiao Xing, former member of the Party Committee, executive director, and deputy general manager of China Taiping Insurance Group Co., Ltd.

The People's Procuratorate of Xinxiang City, Henan Province, filed an indictment alleging:1998 to 2023，The defendant Xiao Xing used his position as a clerk in the Regional Work Department of the Shanghai Municipal Committee of the Communist Youth League to, Deputy Minister of the United Front Work Department, Deputy Secretary-General of the Shanghai Youth Federation, General Manager of China Life Insurance Company Limited Pudong New Area Branch, Deputy Secretary of the Party Committee, Deputy General Manager, Secretary of the Party Committee, and General Manager of China Life Insurance Company Limited Shanghai Branch, Deputy Secretary of the Party Committee, Secretary of the Party Committee, and General Manager of Taiping Asset Management Co., Ltd., Member of the Party Committee, Executive Director, and Deputy General Manager of China Taiping Insurance Group Co., Ltd., etc., using the convenience of their positions, as well as the convenient conditions formed by their powers or status, and through the official actions of other state officials, providing assistance to relevant units and individuals in matters such as financing and loans, business cooperation, and job hunting and employment,The total amount of money illegally received directly or through others was more than RMB 81.48 millionThe procuratorate requested that Xiao Xing be held criminally responsible for the crime of accepting bribes.

During the trial, the procuratorate presented relevant evidence, the defendant Xiao Xing and his defense counsel conducted cross-examination, and both the prosecution and the defense fully expressed their opinions under the auspices of the court.Xiao Xing made his final statement and pleaded guilty and expressed remorse in court。

At the end of the trial, the court announced a recess and the verdict will be announced at a later date.

More than 30 people including NPC deputies, CPPCC members, journalists and people from all walks of life attended the trial.

Xiao Xing pleaded guilty and expressed remorse in court

Public information shows that Xiao Xing, who was born in December 1971, was the No. 1 deputy general manager of China Taiping before he was investigated. His resume shows that he graduated from Shanghai University and holds a doctorate in law.

From 1994 to 2005, Xiao Xing served successively as deputy secretary of the Youth League Committee of the School of Computer Engineering and Science of Shanghai University (formerly Shanghai University of Science and Technology), clerk, deputy chief clerk, chief clerk, and assistant director of the Regional Work Department (Rights and Interests Department) of the Shanghai Municipal Youth League Committee, deputy director of the United Front Work Department of the Shanghai Municipal Youth League Committee, deputy secretary-general of the Shanghai Youth Federation, and director of the Rights and Interests Department of the Shanghai Municipal Youth League Committee.

In 2005, Xiao Xing joined China Life Insurance Shanghai Branch and entered the insurance industry.

After working in the Shanghai branch for several years, he became the general manager of China Life Insurance Company Limited Shanghai Branch.

In 2013, Xiao Xing served as Party Secretary and General Manager of Taiping Asset Management Co., Ltd. Four years later (May 2017), he served as Deputy General Manager of China Taiping Insurance Group.

In June 2020, he served as executive director and deputy general manager of China Taiping Insurance Group. Since December 2021, he has also served as party secretary and general manager of China Taiping Life Insurance Co., Ltd.

Public information shows that since joining China Taiping, Xiao Xing has held important positions in many subsidiaries of the group, including asset management, pension, and financial services.

According to the official website, China Taiping Insurance Group Co., Ltd. was founded in Shanghai in 1929 and is the only centrally-controlled financial enterprise in my country with its management headquarters overseas.

China Taiping was included in the central management in 2012 and upgraded to a vice-ministerial level financial central enterprise. Data shows that in recent years, China Taiping has developed rapidly and has been listed in the Fortune Global 500 for five consecutive years, ranking 334th.

In 2023, China Taiping will achieve operating income of 135.5 billion yuan (under the new accounting standards).Total assets at the end of the year were RMB 1.38 trillion, managing investment assets of 2.3 trillion yuan.