Jan 6th, 2021
China Sentences Ex-Finance Chief to Death on Corruption
The former chairman of one of China’s biggest bad debt managers has been sentenced to death for taking bribes. Lai Xiaomin was convicted of receiving more than $270 million over a decade. The rare and tough sentence is seen as underscoring the Communist Party’s increasingly tough stance on corruption. Bloomberg’s Lucille Liu reports on “Bloomberg Markets: China Open.” (Source: Bloomberg)
