According to the WeChat news of "Shandong High Law", on December 27, 2023, the Linyi Intermediate People's Court publicly announced the first-instance verdict in the case of Wan Feng, former party secretary and chairman of Xinhua Life Insurance Co., Ltd., and sentenced the defendant Wan Feng to six years and six months in prison and a fine of RMB 700,000 for the crime. The seized stolen money in the case shall be confiscated in accordance with law and turned over to the state treasury.
The court found that from 1997 to the first half of 2018, the defendant Wan Feng served as the secretary of the party group and general manager of the Shenzhen branch of Chinese Life Insurance ***, the member of the party committee and deputy general manager of Chinese Life Insurance Company and the secretary of the party committee and general manager of Shenzhen Branch, the member of the party committee and vice president of Chinese Life Insurance (Group) Company and the party secretary, chairman and president of Chinese Life Insurance Co., Ltd., and the party secretary of Xinhua Insurance Company. During the period of chairmanship, he took advantage of his position, or took advantage of the convenience formed by his authority and position, and sought benefits for others in project procurement, project contracting, and job promotion through other state employees. From the summer of 1998 to the spring of 2020, he illegally accepted cash, shopping cards and other property from relevant personnel on several occasions, equivalent to a total of more than 12.09 million yuan, of which 10 million yuan was an attempt.
The Linyi Intermediate People's Court held at trial that the defendant Wan Feng, as a state functionary, took advantage of his position to seek benefits for others, or took advantage of the convenience formed by his own authority and position to seek improper benefits for others through the conduct of other state functionaries in his position, and illegally accepted other people's property, the amount of which was particularly huge, and his conduct constituted a crime of **. Wan Feng has voluntarily surrendered, the main crime is an attempt, actively return all the stolen money, admit guilt and repent, and the punishment can be reduced in accordance with law. The above judgment was rendered in accordance with the law.
In June this year, the **Commission for Discipline Inspection and the State Supervision Commission** issued information that the Discipline Inspection and Supervision Group of the **Commission for Discipline Inspection and the State Supervision Commission in China Investment Co., Ltd., and the Shandong Provincial Commission for Discipline Inspection and Supervision conducted a disciplinary review and supervision investigation on Wan Feng, the former party secretary and chairman of Xinhua Life Insurance Co., Ltd., on suspicion of serious violations of discipline and law.
After investigation, Wan Feng, as a party member and leading cadre who has been working in the field of finance and insurance for a long time, lost his ideals and beliefs, abandoned his original mission, ignored the spirit of the eight regulations, accepted gifts and money in violation of regulations, accepted banquets, fitness and entertainment arrangements in violation of regulations, and obtained, held and used golf cards in violation of regulationsTrampling on organizational principles, not truthfully reporting personal matters, and using the power and influence of the position to seek personnel benefits for others in violation of regulations;Failure to keep the bottom line of integrity, accepting consumption cards that may affect the fair performance of official duties, and taking office in violation of regulations without approval;Lawlessness, relying on finance to eat finance, using public power as a tool for grabbing private interests, seeking benefits for others in the purchase and sale of real estate projects, bank savings, project contracting, etc., and illegally accepting huge amounts of property.
Wan Feng seriously violated the party's organizational discipline and integrity discipline, constituted a serious violation of duty and was suspected of ** crime, and did not rein in after the 18th National Congress of the Communist Party of China, which is serious in nature and has a bad impact, and should be seriously dealt with. In accordance with the "Regulations on Disciplinary Sanctions of the Communist Party of China", "Supervision Law of the People's Republic of China", "Law of the People's Republic of China on Governmental Sanctions for Public Employees" and other relevant provisions, the Party Committee of China Investment Corporation decided to expel Wan Feng from the partyconfiscate their disciplinary and illegal gains;The Linyi Municipal Supervision Commission of Shandong Province will transfer the issue of Wan Feng's suspected crime to the procuratorate for review and prosecution in accordance with law, and the property involved will be transferred together. Everybody is watching
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**: Financial Times client.Reporter: Wang Xiao.
Editor: Yu Siqing.
E-mail: fnweb@126com
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