Death for former China banker

The former chairman of one in every of China’s largest state-controlled asset administration companies was sentenced to demise Tuesday for soliciting $260 million in bribes, corruption, and likewise bigamy.Lai Xiaomin, a former Communist Party member, gave an in depth televised confession on state broadcaster CCTV final January, which confirmed footage of safes and cupboards filled with money in a Beijing house allegedly belonging to him.Lai had abused his place in trying to acquire the huge sum, a courtroom in Tianjin mentioned, describing the bribes as “extremely large” and labelling the circumstances “particularly serious”.The former chairman of the Hong Kong-listed China Huarong Asset Management Co. – a distressed debt group – was additionally discovered responsible of bigamy after dwelling with a lady “as man and wife for long periods” outdoors of his marriage and fathering illegitimate kids.NYSE withdraws transfer to delist 3 Chinese firmsCiting “further consultation” with regulators, the New York Stock Exchange has withdrawn plans to delist shares of three Chinese state-owned cellphone carriers China Telecom Corp, China Mobile and China Unicom Hong Kong