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Financial Corruption [machine]

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Content 5 · Events 15

JD Vance Denies Corruption in the Trump Administration and the Influence of Business Interests on Decision-Making

10.18 ·Verified ·Importance III ·Sources 2

According to X user @__Inty__, when responding to questions about whether Trump's business interests influence presidential decisions and whether there is corruption in the White House, US Vice President JD Vance stated clearly that he has never seen any evidence of corruption by Trump or by this administration, rejecting the related allegations.

Former CSRC Chairman Yi Huiman Prosecuted on Bribery Charges

09.30 ·Reported ·Importance IV ·Sources 1 ·Qingdao

On September 30, according to official media reports, the Supreme People's Procuratorate made an arrest decision against Yi Huiman, former chairman of the China Securities Regulatory Commission (CSRC), on suspicion of accepting bribes, and designated the Qingdao Municipal People's Procuratorate to review and prosecute the case. Recently, an indictment was filed with the Qingdao Intermediate People's Court, accusing him of illegally accepting huge amounts of property by exploiting the privileges of his positions at the Industrial and Commercial Bank of China and the CSRC.

Huawei Microelectronics whistleblower Wang Yufeng detained for nearly four years, trial days total 107

09.29 ·Reported ·Importance III ·Sources 1 ·Jilin City

Investigative reporter Liu Hu wrote on September 29 that Wang Yufeng, the whistleblower in the case of Huawel Microelectronics' illegal and non-compliant information disclosure, was taken away by Jilin police from Shanghai in November 2022 and has been detained for nearly four years. The case has entered the CSRC's proposed whistleblower reward list; as of September 23, the trial had lasted a cumulative 107 days, and several of Wang Yufeng's sealed companies have become substantively bankrupt.

Former Economic Crime Investigation Chief Hao Jun Sentenced to 13 Years and 8 Months for Taking 20 Million Yuan Bribe from Chairman of Huawai Electronics

09.29 ·Reported ·Importance III ·Sources 1 ·Jilin City

According to a report by Liu Hu, Wang Yufeng continuously reported Hao Jun, the former head of the economic crime investigation unit who handled his case, while in detention. Materials from another case presented at trial showed that Hao Jun had accepted a 20 million yuan bribe from Xia Zengwen, chairman of Huawai Electronics. Hao Jun has already been sentenced to 13 years and 8 months for accepting bribes.

Former Agricultural Bank of China General Manager Wang Qingshan Expelled from the Party

09.17 ·Reported ·Importance III ·Sources 1 ·China

On September 16, the discipline inspection and supervision team of the CPC Central Commission for Discipline Inspection and National Supervisory Commission stationed at the Agricultural Bank of China announced that Wang Qingshan, former general manager of the Assets and Liabilities Management Department of the Agricultural Bank of China, has been expelled from the Party for privately reading books with serious political problems over a long period and illegally accepting huge amounts of property.

ICIJ Report Reveals ICBC London Branch Bypassed Compliance to Return More Than $1.3 Billion of Huawei's Funds to China After Meng Wanzhou Was Indicted

09.14 ·Reported ·Importance IV ·Sources 1 ·London, United Kingdom

According to an ICIJ investigation, days after Meng Wanzhou was indicted by the United States in February 2019, ICBC's London branch urgently convened nine employees on a Saturday, bypassing internal compliance procedures to remit more than $1.3 billion in Huawei deposits back to China; compliance officers raised risk warnings, but the Beijing headquarters insisted on proceeding with the transaction.

ICIJ report reveals ICBC did not pursue Zhang Hongli over alleged $3.9 million transfer, instead promoting him

09.14 ·Reported ·Importance III ·Sources 1 ·London, United Kingdom

According to an ICIJ investigation, while Zhang Hongli, a former executive director of ICBC, was in office, his former employer Deutsche Bank accused him of transferring $3.9 million to a company owned by relatives; ICBC did not pursue the matter and instead promoted him to become the main driving force behind Belt and Road financing. Zhang Hongli was later sentenced by a Chinese court to a suspended death penalty for accepting bribes.

Xu Jiayin Sentenced to Life Imprisonment

08.20 ·Verified ·Importance V ·Sources 2 ·China

Xu Jiayin, former chairman of Evergrande Group, was sentenced to life imprisonment, and his two sons, Xu Zhijian and Xu Tenghe, were also sentenced to fixed-term imprisonment.

Former Deputy Governor of Agricultural Development Bank of China Xu Yiding Expelled from Party and Removed from Office

2026.08 ·Verified ·Importance III ·Sources 1 ·Beijing

The Central Commission for Discipline Inspection announced that Xu Yiding, former deputy governor of the Agricultural Development Bank of China, has been expelled from the Party and removed from office, and handed over to prosecutorial authorities, on suspicion of trading power for money in areas such as credit approval and personnel recruitment.

Former Finance Minister Lou Jiwei Under Investigation

07.31 ·Reported ·Importance IV ·Sources 1 ·Beijing

Former Finance Minister Lou Jiwei is under investigation. The program said Lou once served under Zhu Rongji and had criticized "Made in China 2025" and the pandemic lockdowns.

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