China has executed Bai Tianhui, the former general manager of state-controlled China Huarong International Holdings (CHIH), after he was convicted of accepting more than US$156 million in bribes.
According to state media the funds were accepted between 2014 and 2018 in exchange for favourable treatment involving project acquisition and financing.
Authorities said the sentence was approved by the supreme court and executed Tuesday in Tianjin, signalling a continued crackdown on corruption within China’s financial sector.
