Just now, the former vice president of a 17 trillion yuan bank was arrested for abusing the financial approval power and causing major financial risks…

2022-05-21 0 By

He Xingxiang, former party member and deputy governor of China Development Bank (CDB), is suspected of taking bribes, illegally issuing financial notes, illegally issuing loans and concealing overseas deposits, according to the Supreme People’s Procuratorate (SPP) wechat account at noon on February 13. The Case has been concluded by the National Supervisory Commission and transferred to the prosecution.He xingxiang was arrested by the Beijing Municipal People’s Procuratorate on charges of taking bribes, illegally issuing financial certificates, illegally issuing loans and concealing overseas deposits.The case is being further handled.Beijing, Jan. 26 (Chinamil) — The Communist Party of China (CPC) Central Commission for Discipline Inspection (CCDI) of the COMMUNIST Party of China (CPC) has placed He Xingxiang, former party member and deputy governor of China Development Bank (CDB), under investigation for serious violations of discipline and law, the CCDI said on Its website.As, lose the ideal faith he xx, deviate from the mission, his mind is loyal to the party not dishonest, concept of distortion, implements and realizes the against and dissolving financial risk decision of the CPC Central Committee on deployment does not reach the designated position, make flexible, even coming into its own, the abuse of financial rights, cause significant financial risks especially huge loss to the country, do not report individual major matters, against the organization review;In violation of the spirit of the Eight-point regulations of the CPC Central Committee, accepting gifts and cash in violation of regulations;To obtain large returns by lending money to the management and service objects;Family pedigree is not correct, or he or she loses control and education of his or her spouse or children;He alienated his power into a tool for personal gain, engaged in power and money transactions, used his position to profit for others in loan financing, enterprise operation, employment and other aspects, and illegally accepted a huge amount of property.He xx seriously violated the party’s political discipline, discipline, honesty and discipline and discipline of life, a serious position was illegal and financial certificates issued by suspected of bribery, illegal, illegal loans, hiding outside the deposit crime, and after the party’s eighteen big not convergence, serious nature, the bad influence, should be dealt with harshly.In accordance with the Regulations of the COMMUNIST Party of China on Disciplinary Action, The Supervision Law of the People’s Republic of China, and the Law of the People’s Republic of China on Disciplinary Action against Public Officials, the CPC Central Committee decided to expel He Xingxiang from the CPC after a meeting of the Standing Committee of the CPC Central Commission for Discipline Inspection studied and reported to the CPC Central Committee for approval.To be dismissed from public office by the State Supervisory Commission;Confiscate their illegal gains;Transfer the suspected crimes to the procuratorial organs for examination and prosecution in accordance with the law, and transfer the property involved together.Public information shows that He Xingxiang, male, born in 1963, a member of the Communist Party of China, master’s degree.He has served as Party Secretary and Governor of Shangyu Sub-branch of Bank of China, Party Secretary and Governor of Jiaxing Branch, Party Member and Deputy Governor of Jilin Branch, Party Secretary and Governor of Hainan Branch, Party Secretary and Governor of Shandong Branch, And Party member and Deputy Governor of Agricultural Development Bank of China.Before being investigated in September 2021, he served as a member of the CPC Committee and Vice President of China Development Bank.In addition to He Xingxiang, a number of retired CDB leaders, including branches, have also been investigated since 2021.On April 19, 2021, Zhang Maolong, former director of operations of China Development Bank (CDB), was suspected of serious violations of discipline and law, and is currently under disciplinary examination and supervision investigation.On July 16, 2021, Xu Weihua, former Secretary of the Party Committee and president of Hainan Branch of China Development Bank, was suspected of serious violation of discipline and law, and was subject to disciplinary investigation by the Discipline Inspection Group of the CPC Central Commission for Discipline Inspection and the State Supervisory Commission of China Development Bank and supervisory investigation by Shanxi Provincial Supervisory Commission.On January 13, 2022, Xu Wei huabei was expelled from the CPC and from public office.On November 12, 2021, Ni Xianmeng, former member of the Party Committee and vice president of Zhejiang Branch of China Development Bank, was suspected of serious violations of discipline and law, and is currently under disciplinary examination and supervision investigation.In addition, on January 15, CCTV aired an anti-corruption documentary called zero Tolerance, which revealed details of corruption of Hu Huaibang, former Party secretary and chairman of China Development Bank.In 2014, Hu Huaibang, as the head of CDB, accepted a huge amount of bribes from huaxin Energy Co., LTD., a private enterprise, and granted the private enterprise a huge loan of 4.8 billion DOLLARS in violation of the requirements of the CPC Central Committee.In January 2021, Hu was sentenced to life imprisonment, deprivation of political rights for life, and confiscation of all his personal assets.Image: photo taken as news network – 400985850 from the central commission for discipline inspection supervisor committee report and the disclosure of the anti-corruption feature films, CDB’s sacking officials corruption problem in common many, the most prominent is the “offending engage in for-profit activities” breach “in the loan approval process dereliction of duty” “caused great losses of state-owned assets” and so on.CDB’s 2020 annual report shows that by the end of 2020, CDB’s total assets were 17,103.5 billion yuan, up 3.63% year on year;Net loans and advances reached 1,304.99trillion yuan, up 7.91% year on year, accounting for 73.90% of the total assets.Source: National Business Daily The wechat account of the Supreme People’s Procuratorate, the website of the Central Commission for Discipline Inspection and the National Supervisory Commission, and The National Business Daily