China has executed a former senior executive for taking bribes totaling 1.1 billion yuan, about US$156 million.
Reuters reported that the individual exploited their position between 2014 and 2018, leading to severe financial losses.
Sentenced to death in May 2024, the execution follows a failed appeal and is part of China’s ongoing anti-corruption campaign targeting the financial sector.
The company is a key offshore financing unit of troubled asset manager China Huarong Asset Management
