Cai Esheng, the highest-ranking "financial tiger" and former vice chairman of the China Banking Regulatory Commission, who is currently under trial, waited for the first-instance verdict.
On December 29, the Intermediate People's Court of Zhenjiang City, Jiangsu Province, publicly announced the verdict that Cai Esheng was sentenced to death with a two-year reprieve, deprived of political rights for life, and confiscated all personal property.
The verdict shows that Cai Esheng** amount is 40.7 billion yuan, using the influence of ** amount of 1More than 100 million yuan, a total of more than 51.7 billion yuan.
Cai Esheng's ** amount is second only to Sun Deshun, the former president of China CITIC Bank, Cai Guohua, the former chairman of Hengfeng Bank, and Lai Xiaomin, the former head of Huarong, ranking fourth in the amount of financial corruption.
The House of Finance and Economics noted that compared with the amount previously sued, Cai Esheng's ** amount increased by 40.9 billion yuan was reduced to 40.7 billion yuan, which indicates that the ** amount of 2 million yuan has not been identified.
Cai Esheng is 72 years old this year, has been retired for 10 years, and after the verdict takes effect, he will spend the rest of his life within the big walls.
From a well-known vice chairman of a regulatory agency to a prisoner who has been charged with crimes, how did Cai Esheng get here?
Three counts
According to the verdict, Cai Esheng** started in 2006, and it was in December 2005 that he became the vice chairman of the CBRC, which shows that he was involved in corruption as soon as he took office.
During his tenure at the People's Bank of China, Cai Esheng served as director of the Department of Financial Management, director of the Second Department of Banking Supervision, president of the Shanghai branch, and assistant to the president of the head office.
It is worth noting that Cai Esheng still has ** behavior after retirement.
The verdict shows that the period of ** crime and the crime of using influence ** both ended in 2021, the year of his fall, and he retired as early as 2013, which shows that his ** is also "retiring without stopping".
The first-instance verdict is consistent with the charges in the prosecution, involving three crimes: **, using influence**, and abuse of power.
The amount of money involved and the sentence for the three crimes are:
*Crime. From 2006 to 2021, defendant Cai Esheng took advantage of his position as a member of the Party Committee and vice chairman of the former China Banking Regulatory Commission, as well as the facilitation of his authority or status, to provide assistance to relevant units and individuals in matters such as financing loans, business contracting, and job promotion, and illegally accepted property directly or through others, totaling RMB 40.7 billion yuan.
He was sentenced to death with a two-year reprieve, deprived of political rights for life, and confiscated of all personal property, and sentenced to life imprisonment without commutation or parole after the two-year suspension of his death sentence was commuted to life imprisonment in accordance with law.
Crime of using influence.
From 2018 to 2021, Cai Esheng took advantage of his position as a member of the Party Committee and vice chairman of the former China Banking Regulatory Commission or the facilitation of his position to provide assistance to relevant units and individuals in matters such as equity transfers, financing loans, and work adjustments through the acts of other state functionaries, and illegally accepted property directly or through others, totaling RMB 1More than 100 million yuan.
He was sentenced to 12 years imprisonment and fined 5 million yuan for the crime of using influence.
Abuse of power.
From 2010 to 2013, while serving as a member of the Party Committee and vice chairman of the former China Banking Regulatory Commission, Cai Esheng violated laws, regulations and relevant provisions by engaging in favoritism and abusing his power in the course of performing his supervisory duties, causing major losses to public property and the interests of the state and the people, and the circumstances were particularly serious.
He was sentenced to nine years' imprisonment for abuse of power.
Lenient punishment: In view of the fact that after Cai Esheng was brought to the case, he truthfully confessed all the facts of the crime, and took the initiative to confess most of the ** criminal facts that the supervision organs had not yet grasped, some of which were criminal attempts, pleaded guilty and repented, and actively returned the stolen goods, and most of the stolen money and goods have been recovered to the case, and there are statutory and discretionary mitigating circumstances, and he is sentenced to death, which may not be immediately executed.
On the basis of the facts and circumstances of Cai Esheng's crime and the serious harm caused to the state and society, it was decided that after the two-year suspension of his death sentence was completed and commuted to life imprisonment in accordance with law, he would be imprisoned for life without commutation or parole.
**Also "retreat without rest."
According to the public resume, Cai Esheng, born in Hubei in 1951, has served in the People's Bank of China for a long time since 1975, became the assistant to the president of the People's Bank of China and a member of the party committee in September 1998, and concurrently served as the president and party secretary of the Shanghai branch since February 2000. Since May 2001, Cai Esheng has served as the chairman of the board of supervisors of key state-owned financial institutions, and from December 2005 to June 2013, he served as the vice chairman and member of the Party Committee of the China Banking Regulatory Commission.
In July 2021, the ** Commission for Discipline Inspection and the State Supervision Commission announced that Cai Esheng was suspected of serious violations of discipline and law, and was subject to disciplinary review and supervision investigation by the ** Commission for Discipline Inspection and the State Supervision Commission.
When he was dismissed two years ago, Cai Esheng had been retired for eight years, but he has been "retiring without stopping" and is active in the industry. Some people who have invited him to participate in the forum speech complained that he paid a lot of money to appear, but the content of his speech was very watery and the same.
On the day of the fall (July 30, 2021), Cai Esheng was supposed to attend an event.
Although the appearance fee is a lot of money and a lot of frequency, it is really not in an order of magnitude compared with the ** amount that he was finally identified.
In the notice of Cai Esheng's expulsion from the party, the wording was extremely harsh, accusing him of being incorruptible and shameless, engaging in power and money transactions, lawlessness, "retreating without rest", and committing crimes against the wind.
For the financial industry, Cai Esheng "abused the power of financial regulation, seriously disrupted the order of the financial market, and seriously polluted the political ecology of the financial field".
As a result, Cai Esheng became the second person in the financial industry to be accused of "abusing financial regulatory power" after Xiang Junbo, the former chairman of the Insurance Regulatory Commission.
When Cai Esheng was the former vice chairman of the China Banking Regulatory Commission, he was in charge of the trust industry. At the end of the first quarter of 2013, the assets of the trust industry reached 873 trillion yuan, 43 times that of 2005, when he took office. In the previous year, the asset size even surpassed that of insurance, becoming the second largest asset management industry.
According to ** reports, when Cai Esheng was in office, he not only stood for high-risk small and medium-sized banks such as Baoshang Bank, but also intersected with Lu Yi, a new wealth group that set off a turmoil in the Central Plains financial industry.
Fortunately, the bitter fruit planted by Cai Esheng has gradually been in the process of risk resolution, or has completed the task of resolution.