Agricultural Bank Director in Hohhot Flees Corruption Charges

The banking system is sound.

iFeng: 农行处长外逃：有多套房产北京7套 9名大行员工被通缉
Sogou: Director of Agricultural Bank of China Flees: There are Several Houses, 7 Sets in Beijing and 9 Employees of Big Banks Wanted

Horrible! Head of Big Bank Manipulates 73 Bonds, Profits Over 200 Million in 3 Years! More properties were disposed of, 7 in Beijing and 2 in Sanya, and 9 employees of big banks were wanted by the Red

Manipulation of 73 bonds, illegal profits totaling 219 million yuan, flight for nearly six years, the director of the big bank suspected of corruption crime has made the latest progress.

Recently, the People's Court Announcement Network released the latest announcement of Hohhot Intermediate Court in Inner Mongolia Autonomous Region. The announcement shows that the Hohhot Municipal People's Procuratorate believes that there is evidence to prove that the suspect Bai Jing escaped after committing a corruption crime and could not come to the case after one year's wanted. The sealed-up property is highly likely to belong to illegal income and other property involved in the case, so it applies for confiscation of illegal income according to law.

Hohhot Municipal People's Procuratorate has applied for confiscation of 9 sets of real estate, of which 7 sets are located in Beijing and 2 sets are located in Sanya, Hainan. Bai Jing was placed on file for investigation by the Inner Mongolia Autonomous Region Public Security Bureau on September 9, 2013 on suspicion of committing the crime of official embezzlement. He was arrested with the approval of the Inner Mongolia Autonomous Region People's Procuratorate on November 18 of the same year. Bai Jing fled to Canada on July 31, 2013.

In 2015, INTERPOL's China National Central Bureau centrally released red notices for 100 suspected criminals who fled the country and were involved in important corruption cases. Bai Jing is one of the "100 red notices". In fact, the number of people involved in important corruption cases suspected of committing crimes in the financial sector is not very small, reaching 15, with the banking sector accounting for as many as 9.

Illegal Profits Over 200 Million in Three Years

Hohhot City Intermediate Court announced that Bai Jing, born in 1973, was the deputy director (presiding) and director of the local currency investment department of the Agricultural Bank's Financial Market Department Investment Center (Level II Department). From 2008 to 2011, criminal suspect Bai Jing used his position in Agricultural Bank to conspire with others to use Agricultural Bank and Guoxin Securities as bond trading platforms, manipulating 73 bonds successively for bond trading, embezzling the interests of Agricultural Bank and Guoxin Securities and illegally making a total of 219 million yuan.

On September 9, 2013, Bai Jing was placed on file for investigation by the Inner Mongolia Autonomous Region Public Security Bureau on suspicion of committing the crime of official embezzlement. On November 18 of the same year, he was arrested with the approval of the Inner Mongolia Autonomous Region People's Procuratorate. Bai Jing escaped on July 31, 2013, and INTERPOL issued a red notice to him on December 19 of the same year. After investigation, the Inner Mongolia Autonomous Region Public Security Department found out that Bai Jing was suspected of corruption. On February 22, 2019, the clues of the crime were transferred to the Inner Mongolia Autonomous Region Supervisory Committee. On February 28, 2019, the Inner Mongolia Autonomous Region Supervisory Committee filed an investigation on Bai Jing's suspected corruption.

The announcement said that suspect Bai Jing used part of the illegal proceeds to purchase several houses in Beijing and Sanya, and the Inner Mongolia Autonomous Region Supervisory Committee seized 9 houses according to law. The Hohhot Municipal People's Procuratorate believes that there is evidence to prove that the suspect Bai Jing escaped after committing a corruption crime and could not come to the case after one year's wanted. The above-mentioned sealed-up property is highly likely to belong to illegal income and other property involved in the case, so it applies for confiscation of illegal income.

It is worth noting that since Bai Jing is still in hiding, according to the law, close relatives of the suspect Bai Jing and other interested parties may apply to the court in writing or entrust an agent ad litem to participate in the proceedings during the announcement period. If a close relative of the criminal suspect applies to participate in the lawsuit, he shall provide proof of his relationship with the criminal suspect; Other interested parties who apply to participate in the litigation shall provide evidence of their rights to the property they apply for confiscation. If they fail to declare their rights according to regulations, they may bear adverse legal consequences. The announcement period is six months. After the announcement expires, the court will try the case according to law.

Nine properties will be confiscated, while seven in Beijing are worth a lot of money.

The announcement also announced the list of property confiscated by Hohhot People's Procuratorate, totaling 9 properties, including 7 in Beijing and 2 in Sanya, Hainan. Specifically:

1. One set of property located at Room 2102, Unit 1, Floor 21, Building 2, Yard 11, Yuyuantan South Road, Haidian District, Beijing;

2. One set of CD-07C property located on the 7th floor of Building 3, Yuyuantan Residential and Commercial Building, Haidian District, Beijing;

3. One property located atNo. V08, Mangrove Valley (Yalong Bay-Xishan Ferry) property hotel in Sanya City, Hainan Province;

4. One property located at Room 1702, Unit 1, Floor 17, Building 2, Yard 11, Yuyuantan South Road, Haidian District, Beijing;

5. One set of property located at Room 2108, Floor 18, Apartment 3, Hujialou (Phase I, Hujialou Commercial and Residential Complex), Chaoyang District, Beijing;

6. One set of property located at No.3823, Residential Building A1-7, Jiayuan, Longzhiwan, Shunyi District, Beijing (Floor 21, Tianzhu Development Zone);

7. One property located at No.5907, Residential Building C1-41, Jiayuan, Longzhiwan, Shunyi District, Beijing (Floor 21, Tianzhu Development Zone);

8. One set of property V09 located at Mangrove Valley (Yalong Bay-Xishuandu) property hotel in Sanya City, Hainan Province;

9. One property located at Room 1506, Floor 12, Apartment 1, Hujialou (Phase I, Hujialou Commercial and Residential Complex), Chaoyang District, Beijing.

The Chinese reporter from the securities firm inquired about these properties in Beijing from the chain house. Among them, the two properties located in No.11 Courtyard, Yuyuantan South Road, Haidian District are the high-end residential community Yuanxitang. At present, the average price in this community is over 98,000 per square meter. Judging from the historical transaction records published by Chain Store, most apartments are large ones with a transaction price of over 20 million yuan, ranging from 300 to 700 square meters.

In addition, the residential area where the two sets of Longzhiwan Jiayuan real estate in Shunyi District of Beijing are located is a villa area, and the average price is currently around 60,000, according to Lin Jia.

There are more than 10 "100 Hongtong personnel" in the financial field.

In 2015, INTERPOL's China National Central Bureau centrally released red notices for 100 suspected criminals who fled the country and were involved in important corruption cases. Bai Jing is one of the "100 red notices". In fact, not a small number of people involved in important corruption cases in the financial sector are included in the list, up to 15, including 9 in the banking sector.



It is worth mentioning that the above-mentioned nine wanted bank personnel are all from state-owned big banks, namely ICBC, BOC, ABC and BOC. Among them, Liu Changming, former party secretary and president of Guangzhou Branch of Bank of Communications, had the highest amount involved. According to public information, Liu Changming illegally issued nearly 9.8 billion yuan of loans during his three years in charge of Guangzhou Branch of BOCOM. At the end of 2007 and the beginning of 2008, BOCOM transferred Liu Changming to BOCOM International Trust and Investment Co., Ltd. in Wuhan in the name of cadre rotation. However, Liu Changming did not arrive in Wuhan to take up his new post. Shortly thereafter, BOCOM was unable to contact Liu Changming.

Zhu Zhenyu, a former staff member of the Sichuan Branch of Industrial and Commercial Bank of China, was successfully persuaded to return after fleeing for 13 years in 2015. Public reports show that from June to September 2002, Zhu Zhenyu, together with others, used the opportunity of handling personal housing mortgage loan business to fake customer information and repeatedly handle house purchase mortgage, embezzling more than 1.4 million yuan of public funds with others. In 2017, Yuan Mei, a former credit officer in the business department of Sichuan Branch of Industrial and Commercial Bank of China, returned home and surrendered.

In 2018, Lai Mingmin, former president of the Jiangmen Branch of the Bank of China, fled home 17 years later to surrender and voluntarily returned the stolen goods.

In June 2019, Liu baofeng, a "hundred hongtong personnel" who fled for 18 years and a former general manager of Shenzhen caitian road securities business department of huatai securities co., ltd., returned to China to surrender and actively return the stolen goods.