BEIJING (AFP): The former chairman of one of China's largest state-controlled asset management firms was sentenced to death Tuesday for soliciting US$260mil (more than RM1bil) in bribes, corruption, and also bigamy.
Lai Xiaomin, a former Communist Party member, gave a detailed televised confession on state broadcaster CCTV last January, which showed footage of safes and cabinets stuffed with cash in a Beijing apartment allegedly belonging to him.
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