Daijiworld Media Network - Beijing

Beijing, Dec 9: China on Tuesday executed Bai Tianhui, the former general manager of China Huarong International Holdings (CHIH), after he was convicted of accepting more than USD 156 million in bribes in one of the country’s most high-profile corruption cases in recent years, state broadcaster CCTV reported.

Bai, who served at CHIH — a key subsidiary of China Huarong Asset Management, one of China's largest state-run bad-debt managers — was found guilty of offering favourable treatment in project acquisitions and financing deals between 2014 and 2018 in exchange for massive bribes.

A Tianjin court first handed down the death sentence in May 2024 without the usual two-year reprieve that often leads to commutation to life imprisonment. Bai appealed the

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