Former China Securities Regulator Official Wang Huimin Sentenced to Death with Reprieve Over Bribery
According to the South China Morning Post, Wang Huimin, a former high-ranking official at China's securities regulator, received a death sentence with a two-year reprieve on Tuesday for bribery charges, having allegedly accepted over 436 million yuan in bribes.
The South China Morning Post reports that Wang Huimin, a former senior official within China's securities regulator, was sentenced to death with a two-year reprieve on Tuesday concerning bribery allegations, as part of ongoing anti-corruption efforts in Beijing.
Wang Huimin held a position as a member of the Communist Party committee of the China Securities Regulatory Commission (CSRC) between 2014 and 2019. The court determined that Wang Huimin accepted bribes totaling more than 436 million yuan, which is equivalent to US$65 million.
The Chengdu Intermediate People’s Court stated in its verdict that the death penalty was warranted because the substantial sum involved resulted in particularly heavy losses to the interests of the state and the public.