Wang Li, former chairman of Qinghai Bank, was sentenced to 18 years in the first trial for causing over 500 million yuan of national property losses

2022-08-01 0 By

Nearly two and a half years after the investigation, Qinghai Bank’s former chairman Wang Li ushered in the first trial verdict.On February 17, the Intermediate People’s Court in Haidong city, Qinghai province, issued a first-instance verdict on wang li’s charges of embezzlement, bribery, embezzlement, abuse of power by state-owned enterprise personnel and unknown source of huge assets.The haidong Intermediate People’s Court sentenced Wang Li to 18 years in prison and fined her 1.1 million yuan for embezzlement, bribery, misappropriation of public funds, abuse of power by employees of state-owned enterprises and unknown sources of huge assets.The stolen money and goods involved shall be confiscated according to law and turned over to the state Treasury.The court found that the defendant Wang Li took advantage of her position as the party secretary and chairman of the Qinghai Bank, and instructed others to take out state-owned funds by falsely listing fees and issuing invoices, among which 155,000 yuan was taken as her own;Wang Li took advantage of her position as president of Xining Commercial Bank and secretary of the Party Committee and chairman of qinghai Bank to embezzle 20 million yuan of public funds to help others register companies.Taking advantage of the above-mentioned position, helped others to obtain funds illegally, helped others to undertake business, and accepted bribes and goods and paid services worth 5,798,300 yuan for many times;Wang Li overstepped his authority and illegally approved the loan, resulting in a major loss of state property of 300 million yuan in principal and 206.5 million yuan in interest.Wang Li’s property and expenditure obviously exceeded her legal income from the time she started working to the time of the crime, and the source of which could not be explained was over 16.8 million yuan.The court heard that the defendant Wang Li served as president of Xining Commercial Bank and secretary of the Party Committee and chairman of the Board of Qinghai Bank, for the purpose of illegal possession, the use of power embezzling public property, a large amount, its behavior has constituted the crime of corruption;For others to seek benefits, many times illegally accept other people’s property, the amount is particularly huge, its behavior has constituted the crime of taking bribes;Taking advantage of his position, he misappropriates public funds for profit-seeking activities, if the circumstances are serious, which constitutes the crime of misappropriating public funds;The abuse of power causes the state property to suffer especially heavy losses, which has constituted the crime of abuse of power by the personnel of state-owned enterprises;Personal property and expenditure obviously exceed lawful income, can not explain the source and the amount is particularly huge, its behavior has constituted the crime of huge property source unknown.The defendant Wang Li should be punished concurrently for the above crimes, and the people’s court made the above judgment according to law.In qinghai financial regulators and local financial institutions on September 4, 2019, a long-time countries of central discipline inspection commission, website according to the discipline inspection commission of qinghai province, the message of qinghai local financial supervision and administration of party members, inspectors, deputy director wang li suspected of serious violations, is to accept discipline inspection commission of qinghai province prison discipline examination and supervision.Wang Li was born in December 1962, hejian City, Hebei Province, on-the-job graduate degree, began to work in October 1979, May 1990 joined the Communist Party of China.Wang Li served as secretary, deputy Director and Director of xining Branch office of the People’s Bank of China.Director of Xining Branch Office, SAFE;Chairman, Deputy Secretary of the Party Committee and President of Xining Commercial Bank;Secretary of the Party Committee, Chairman and President of Qinghai Bank;Member of party group, inspector and deputy director of Qinghai Financial Work Office.From November 2018, Wang served as a member of the Party Leadership group, inspector and deputy director of the Local Financial Supervision Administration of Qinghai Province until she was investigated.Source: Thepaper.cn