Xu Guojun, the former president of the Kaiping branch of the Bank of China, was publicly sentenced in the case of ** and misappropriation at the Intermediate People's Court of Jiangmen City, Guangdong Province on December 13, 2023. After several crimes, the court decided to sentence him to life imprisonment, deprivation of political rights for life, and confiscation of all personal property. At the same time, Xu Guojun's criminal proceeds and their fruits were recovered. Xu Guojun said that he would obey the court's judgment and would not appeal.
Xu Guojun absconded in 2001 and was not forcibly repatriated from the United States until 2021. During this time, he has been hiding overseas, evading the law. However, the legal open was restored, and Xu Guojun could not escape the law in the end.
After the trial, it was ascertained that between 1993 and 2001, Xu Guojun took advantage of his position as the director, vice president, and president of the Kaiping Branch of the Bank of China, and collaborated with Xu Chaofan, Yu Zhendong and others to use false loans to obtain bank funds, occupy the company's normal loan repayment funds, or directly transfer funds, etc., and the amount of their ** was as high as US$6221More than 730,000 yuan, Hong Kong dollar 3More than 6.3 billion yuan, Deutsche Mark 146More than 10,000 yuan, equivalent to more than 900 million yuan in total. In addition, they embezzled **3More than 5.5 billion yuan, 20 million Hong Kong dollars, 1 US dollarmore than 2.6 billion yuan, equivalent to more than 1.4 billion yuan.
The Jiangmen Intermediate People's Court held that the defendant Xu Guojun's conduct constituted the crime of misappropriation, and the amount was particularly huge, and caused the interests of the state and the people to suffer particularly heavy losses, and the amount of misappropriation was huge. In view of the fact that Xu Guojun truthfully confessed his crime after being brought to trial, pleaded guilty and repented, and could be given a lighter punishment in accordance with the law, the court made the above judgment.
The verdict in this case once again proves the truth that the legal net is restored and that negligence is not leaked. No matter how long the criminals have been absconding, no matter how far they have fled, as long as the facts of the crime are clear and the evidence is conclusive, they will definitely be punished by law. At the same time, this case also reminds us that we must always remain vigilant, strengthen supervision and restraint over public power, and prevent the recurrence of similar cases.
We hope that through the verdict of this case, more criminals can be deterred and make them understand that fleeing is not the way out, and that only confessing and admitting guilt is the only right choice. At the same time, we also hope that the general public can learn lessons from this case, enhance their legal awareness, consciously abide by laws and regulations, and jointly maintain social harmony, stability, fairness and justice.