The first-instance verdict was pronounced in the case of Cai Esheng**, use of influence**, and abuse of power.
On December 29, 2023, the Intermediate People's Court of Zhenjiang City, Jiangsu Province, publicly pronounced a verdict on the case of Cai Esheng**, former member of the Party Committee and vice chairman of the China Banking Regulatory Commission, for using influence and abusing power. Defendant Cai Esheng was sentenced to death with a two-year reprieve, fixed-term imprisonment, and life imprisonment for the crimes of **, using influence**, and abuse of power, respectively, and was sentenced to life imprisonment and a huge fine, and his criminal proceeds were recovered at the same time.
After the trial, it was ascertained that from 2006 to 2021, Cai Esheng used 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 totaling RMB 40.7 billion yuan. At the same time, from 2018 to 2021, he once again took advantage of the facilitation conditions formed by his power or position to provide assistance to relevant units and individuals in matters such as equity transfer, financing and loans, and work adjustment through the acts of other state employees in their positions, and illegally accepted property amounting to 1More than 100 million yuan. In addition, between 2010 and 2013, he also engaged in favoritism and abuse of power in the course of performing his supervisory duties, causing heavy losses to public property and the interests of the state and the people, and the circumstances were particularly serious.
Cai Esheng's behavior seriously violated national laws, regulations and relevant regulations, harmed the public interest and social order, and the court made a resolute judicial ruling on this. This case also demonstrates China's determination to fight corruption and the judiciary's zero-tolerance stance on combating corruption.
The verdict in this case sends a strong signal to the society to severely punish corruption and safeguard social fairness and justice, and also reminds all public officials to keep in mind their duties and missions, abide by the law and discipline and be honest, and must not violate the bottom line of the law, otherwise they will be severely punished by the law.
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