On December 29, 2023, the Intermediate People's Court of Zhenjiang City, Jiangsu Province, publicly announced the verdict that Cai Esheng, former member of the Party Committee and vice chairman of the China Banking Regulatory Commission, was sentenced to a heavy sentence on multiple charges such as **, using influence**, and abusing power. This news has aroused widespread attention and strong repercussions in the financial circles and all walks of life.
After the trial, it was ascertained that during his tenure as a member of the party committee and vice chairman of the former China Banking Regulatory Commission, Cai Esheng took advantage of his position 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. In addition, he also took advantage of the facilitation of his authority or position to provide assistance to relevant units and individuals in matters such as equity transfer, financing loans, and work adjustments through the acts of other state functionaries in their duties, and illegally accepted property totaling RMB 1More than 100 million yuan. These criminal acts, which are huge in amount and heinous in nature, have seriously harmed the interests of the state and the public interest.
The Zhenjiang Intermediate People's Court held that defendant Cai Esheng's conduct constituted the crime of **, the crime of using influence, and the crime of abuse of power. Because the circumstances of his crime were particularly serious, the social impact was particularly vile, and he caused particularly heavy losses to the interests of the state and the people, he should be sentenced to death on the basis of the crime. However, in view of the fact that Cai Esheng truthfully confessed all the facts of the crime after arriving at the case, took the initiative to confess most of the facts of the crime that the supervision organs had not yet grasped, pleaded guilty and repented, and actively returned the stolen goods, most of the stolen money and goods have been recovered from the case, and there are statutory and discretionary mitigating circumstances, and he is sentenced to death, and may not be immediately executed.
The verdict is a severe punishment for Cai's criminal behavior and a powerful deterrent to corruption in the financial sector. It has demonstrated China's firm determination and strong strength in the anti-corruption struggle, and has shown that no matter how high or low the position or power is, anyone who violates party discipline and state law will be seriously investigated and severely punished. At the same time, this judgment also fully embodies the fairness, impartiality and authority of China's laws, and allows the people to see the country's firm determination to safeguard social fairness and justice.
Cai's case reminds us once again that power is a double-edged sword. If you use your power improperly and abuse your power, it will not only cause great harm to yourself and your family, but also damage the image and credibility of the party and the party. Therefore, the majority of party members and cadres must always keep a clear head, keep in mind their duties and missions, strictly abide by the bottom line of party discipline and state law, and earnestly perform official duties and govern for the people.
Finally, we must profoundly understand the protracted, complex, and arduous nature of the anti-corruption struggle. Only by continuously strengthening the building of systems, perfecting the supervisory mechanism, and enhancing the sense of honesty among party members and cadres can we fundamentally curb the occurrence of corruption. Let us work together to build a clean, fair and just society