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China sentenced to death “security officials” who accepted tens of millions of dollars in bribes

Mr. Tong, who is also the former secretary of the Communist Party of China in Sanya City, Hainan, received a bribe of 274 million yuan (US$41.07 million) between 2004 and 2020. Xinhua News Agency added.

While serving as deputy director of the issuance department of the China Securities Regulatory Commission (CSRC) in 2006 and 2007, Mr. Tong also made an illegal profit of 3.38 million yuan through insider trading. write affirmation.

Also follow Xinhua News AgencyMr. Tong is given a two-year grace period (also known as a “suspended” death sentence), meaning that the death sentence can be reduced to life in prison or lighter after two years if he is not found guilty of further crimes. or have had commendable achievements in the performance of “public obligations”.

China sentences

According to court records, Mr. Tong Daochi accepted bribes amounting to 274 million yuan (US$41.07 million) between 2004 and 2020. Photo: SCMP

Follow ReutersMr. Tong joined CSRC in 2000 after working at the World Bank and RAND Corp, an American public policy research organization.

He graduated from Peking University, holds a master’s degree in public administration from Carleton University (Canada) and a doctorate in policy analysis from RAND Graduate School (USA).

President Xi Jinping has launched many anti-corruption campaigns that have knocked down many government officials, regulators, banks, and many senior executives of large companies.

Also on June 2, China’s anti-corruption agency announced that Mr. Wang Zongcheng, former director of CSRC’s accounting department, was being investigated for alleged violations of laws and regulations.

Cao Luc

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