Former Huarong Executive Sentenced to Death for Massive Bribery

A Chinese court sentenced Bai Tianhui, former general manager of China Huarong International Holdings, to death for accepting bribes exceeding 1.1 billion yuan ($151.81 million). The verdict was reported by state broadcaster CCTV. This marks a significant corruption case in China's financial industry.

A Chinese court on Tuesday sentenced Bai Tianhui, former general manager of China Huarong International Holdings, to death for accepting bribes of more than 1.1 billion yuan ($151.81 million), state broadcaster CCTV reported.

($1 = 7.2461 Chinese yuan renminbi)

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