China Executes Ex-Banker Lai Xiaomin In Corruption, Bigamy Case China Executes Ex-Banker Lai Xiaomin In Corruption, Bigamy Case The report did not specify how Lai Xiaomin was executed, but said he was allowed to meet with close relatives before his death. Lai Xiaomin was convicted and sentenced earlier this month Beijing: China on Friday executed a former top banker accused of taking $260 million worth of bribes, other forms of corruption and bigamy, state broadcaster CCTV reported. Lai Xiaomin, the former chairman of Huarong -- one of China's largest state-controlled asset management firms -- was put to death by a court in the northern city of Tianjin, CCTV said.