Chinese Chairman of a Big Company Executed for Bribing and Other Charges by Chinese Authorities

HEADLINES & GLOBAL NEWS
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Jan 31, 2021 04:39 AM EST
Ex-China Huarong Chairman gets the death penalty after conviction. Chinese authorities are netting those guilty of corruption as mandated by Beijing.
The Chinese mainland government is serious about keeping tabs on graft and corruption. Communist countries are unlike democratic countries where CEOS can get away with almost anything.
China has zero-tolerance for erring executives, and the former head of a Chinese state-owned asset management company learned the hard way. Last Friday, his death penalty was executed for accepting bribes because of his position. For many, they consider the punishment too severe for a corruption case, reported CNN.

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