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China Fund News Dawn

There is new news on financial anti-corruption.

On July 31, the official website of the Central Commission for Discipline Inspection and the National Supervisory Commission announced:Sheng Jincai, former member of the Party Committee and vice president of the Wuxi Branch of Bank of Communications, was expelled from the Party and removed from public office。

The notice pointed out that Sheng Jincai used his position to seek benefits for others and illegally accepted property from others in an extremely large amount; he issued loans in violation of national laws and regulations in an extremely large amount, causing extremely serious losses.

Illegal acceptance of property

Granting loans in violation of national laws and regulations

According to the Central Commission for Discipline Inspection and the National Supervisory Commission's Discipline Inspection and Supervision Group stationed in Bank of Communications and the Jiangsu Provincial Commission for Discipline Inspection and Supervision: Recently, with the approval of the Central Commission for Discipline Inspection and the National Supervisory Commission, the Central Commission for Discipline Inspection and the National Supervisory Commission's Discipline Inspection and Supervision Group stationed in Bank of Communications and the Wuxi Municipal Commission for Discipline Inspection of Jiangsu Province conducted a disciplinary review and supervisory investigation into the serious violations of discipline and law by Sheng Jincai, former member of the Party Committee and deputy president of the Wuxi Branch of Bank of Communications.

Upon investigation, Shengjincai had the following problems:

Violation of political discipline, failure to fulfill the main responsibility of comprehensively and strictly governing the Party, and collusion with others to resist organizational review;

Ignoring the spirit of the Central Committee's eight-point regulations, he accepted gifts and spending cards for a long time, and accepted banquets that might affect the impartial performance of his official duties;

Losing integrity, borrowing money from the management and service objects, lending money to the management and service objects to obtain large returns; violating life discipline;

Taking advantage of one's position to seek benefits for others and illegally accepting property from others in extremely large amounts;

The loans were granted in violation of national laws and regulations, the amount was extremely huge, and particularly serious losses were caused.

The notice pointed out that Sheng Jincai, as a party member, leading cadre and manager of state-owned enterprises, had lost his ideals and beliefs, betrayed his original aspirations and mission, disregarded party discipline and national laws, was disloyal and dishonest to the party, seriously violated the party's political discipline, the spirit of the Central Committee's eight regulations, discipline on integrity, and discipline on life, constituted serious violations of duty and was suspected of bribery and illegal lending, and he did not restrain himself or stop after the 18th, 19th and even 20th National Congresses of the Communist Party of China. The nature of his violations is serious and the impact is bad, and he should be dealt with seriously.

In accordance with the relevant provisions of the "Regulations on Disciplinary Punishment of the Communist Party of China", "Supervision Law of the People's Republic of China", "Administrative Punishment Law of Public Officials of the People's Republic of China", etc.After research by the Party Committee of Bank of Communications, it was decided to expel Sheng Jincai from the Party; after research by the Central Commission for Discipline Inspection and the National Supervisory Commission’s Discipline Inspection and Supervision Group stationed at Bank of Communications, it was decided to expel Sheng Jincai from his government post.; Confiscate his illegal gains; The Wuxi Municipal Supervisory Committee of Jiangsu Province transferred Sheng Jincai's suspected criminal case to the procuratorial organ for review and prosecution in accordance with the law, and the relevant property was transferred along with the case.

Worked in Bank of Communications for many years

Investigated in March this year

Public information shows that Sheng Jincai has worked at the Bank of Communications for many years. In February 2018, Sheng Jincai attended the annual work meeting of the Bank of Communications Wuxi Branch as a member of the Party Committee and vice president of the branch, analyzed and reminded the line under his charge, and deployed key tasks for the second half of the year.

In April 2019, Sheng Jincai spoke at the risk sector work meeting of the Wuxi Branch of the Bank of Communications in the first quarter of 2019, saying that it is necessary to deepen the reform of credit management and strictly control credit access management; strengthen post-loan management and strengthen asset quality control; speed up risk disposal and strive to achieve the two major goals of "asset quality must continue to be stable and improve" and "ensure that no major risk losses and major malicious incidents occur."

In March this year, according to the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in Bank of Communications and the Jiangsu Provincial Commission for Discipline Inspection and Supervision, Sheng Jincai, former member of the Party Committee and deputy president of the Wuxi Branch of Bank of Communications, was suspected of serious violations of discipline and laws and was subject to disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in Bank of Communications and supervisory investigation by the Wuxi Municipal Supervisory Commission of Jiangsu Province.

Previously, the official website of the Central Commission for Discipline Inspection issued a statement saying that the discipline inspection and supervision group stationed at the Bank of Communications kept a close eye on capital and resource-intensive areas such as credit approval, bidding, bulk procurement, infrastructure projects, and financial technology, and paid attention to new forms and manifestations of integrity risks and corruption in important positions. It dug deep and investigated the corruption behind large-scale non-performing projects, and resolutely cracked down on the deep connection between financial power and capital and the abuse of power for personal gain.

Since the beginning of this year, many officials of the Bank of Communications have been punished. In February this year, Zhou Baozhi, former Party Secretary and President of the Guangdong Branch of the Bank of Communications, was expelled from the Party, and Zhou Yanti, former General Manager of the Financial Technology Department of the Bank of Communications, and Sun Yikun, former Vice President of the Bank of Communications Financial Technology Co., Ltd., were both expelled from the Party and removed from office.

In June this year, Liu Shujun, former deputy general manager of the Custody Business Department of the Agricultural Bank of China, was expelled from the party. Liu Shujun had worked at the Bank of Communications and served as general manager of the Bank of Communications' asset custody department and president of the custody business center.

Editor: Captain

Review: Xu Wen

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