On the 26th day of the lunar calendar, Tian Huiyu, the former president of China Merchants Bank, who had gray hair and glasses as usual, stood on the trial platform of the Intermediate People's Court of Changde City, Hunan Province.
One year and ten months after his fall, Tian Huiyu's case fell in the first instance.
Let's talk about the result first: Tian Huiyu received a suspended death sentence and a fine of more than 300 million yuan.
Looking at the charges again, there are four crimes, namely: ** abuse of power by personnel of state-owned companies; trading with non-public information; Insider trading, leakage of inside information.
The verdict showed that Tian Huiyu made illegal profits of more than 500 million yuan.
The more than 500 million yuan of stolen money, ** in 3 parts: using undisclosed information to trade, profit 2more than 900 million yuan; **2.more than 100 million yuan; Insider trading and leakage of inside information made a profit of more than 8.07 million yuan.
Before the verdict, all the more than 500 million yuan of stolen money involved in Tian Huiyu's case had been recovered.
On August 11, 2020, Lai Xiaomin was in the first instance, and the indictment shows that from 2008 to 2018, Lai Xiaomin directly or through others solicited and illegally accepted property from relevant units and individuals, totaling RMB 17More than 8.8 billion yuan, of which 1More than 400 million yuan has not yet been received. In addition, Lai Xiaomin also took advantage of his position to illegally occupy public funds totaling more than 25.13 million yuan with others.
Before the first instance, nearly 1.7 billion yuan of property involved in Lai Xiaomin's case had been recovered.
Unlike Lai Xiaomin, who was sentenced to death and immediately executed, Tian Huiyu received a suspended death sentence in the first instance.
The verdict shows that Tian Huiyu has the circumstances of voluntary surrender: after he arrived at the case, he voluntarily confessed most of the ** facts that the case-handling organs had not yet mastered, as well as the facts of insider trading and leakage of inside information, and the crimes of insider trading and leaking inside information constituted voluntary surrender.
In addition, Tian Huiyu pleaded guilty and repented and actively returned the stolen goods.
The composition of the fine of more than 300 million yuan is as follows: the crime of using non-public information for trading, a fine of 300 million yuan; Insider trading and leaking inside information shall be fined RMB 8.5 million.
This means that in addition to the more than 500 million yuan of criminal profits being recovered, Tian Huiyu will also have to pay a fine of more than 300 million yuan.
Judging from the timeline, Tian Huiyu's crime started from 1997 to 2022, spanning 25 years.
He started his crime as vice president of Cinda Corporation. Prior to taking up this position, Tian Huiyu also served as vice president of the Pudong branch of the China Construction Bank and deputy director of the head office, but none of these positions involved corruption.
After serving as vice president of Cinda, Tian Huiyu served as a member of the Party Committee and Vice President of the Bank of Shanghai, Deputy Secretary of the Party Committee and Vice President of the Shanghai Branch of the China Construction Bank, Secretary of the Party Committee and President of the Shenzhen Branch of the China Construction Bank, Secretary of the Party Committee and President of the Beijing Branch of the China Construction Bank, and Secretary of the Party Committee and President of the China Merchants Bank.
The verdict also shows that Tian Huiyu, for personal gain, violated regulations, abused his power, and interfered with the normal business decision-making activities of a subsidiary of China Merchants Bank, causing particularly heavy losses to the interests of the state.
For the four crimes involved in the first-instance verdict, it was decided to carry out the death sentence against Tian Huiyu with a two-year reprieve, deprivation of political rights for life, and confiscation of all personal property; Tian Huiyu's criminal proceeds and fruits are to be recovered in accordance with law and turned over to the state treasury.