274 million bribes! Tong Daochi received a suspended death sentence in the first instance. He once worked in the Issuance Department of the China Securities Regulatory Commission, participated in insider trading, and helped others to go public and promote
According to CCTV news, the Shenzhen Intermediate People's Court of Guangdong Province publicly sentenced Tong Daochi, former member of the Hainan Provincial Committee of the Communist Party of China and former secretary of the Sanya Municipal Committee, on June 2 for bribery and insider trading. shall be sentenced to five years in prison and a fine of RMB 4 million for the crime of insider trading. It is decided to execute the death penalty with a two-year reprieve, and shall be deprived of political rights for life and be sentenced to a fine of RMB 4 million. All personal property was confiscated; all the property acquired by Tong Daochi for accepting bribes, insider trading and its fruits were recovered and turned over to the state treasury.
Tong Daochi said in court that he would obey the court's decision and would not appeal.
Tong Daochi was the deputy director of the issuance department of the China Securities Regulatory Commission.
Bribery and insider trading crimes are particularly serious
After the trial, it was found that from 2004 to 2020, Tong Daochi served as the deputy director of the China Securities Regulatory Commission's Listed Company Supervision Department, the deputy director of the Issuance Supervision Department, the head of the Office of the Capital Market Reform and Development Working Group, and the deputy director and director of the International Cooperation Department. The convenience of the positions of the Standing Committee of the Provincial Party Committee and the Secretary of the Sanya Municipal Party Committee and the convenient conditions for the formation of powers or positions, providing assistance to relevant units and individuals in matters such as company listing, business operations, financing loans, and rank promotions, directly or through their specific related persons. The property received from others is equivalent to more than 274 million yuan.
From August 2006 to April 2007, when Tong Daochi was the deputy director of the Issuance Supervision Department of the China Securities Regulatory Commission, after learning the inside information of the relevant stocks, he instructed his close relatives and close people to buy the relevant stocks before the relevant information was made public. A total of 3165 More than 10,000 yuan, and illegal profits totaling more than 3.38 million yuan.
The Shenzhen Intermediate People's Court held that Tong Daochi's behavior constituted the crime of accepting bribes and insider trading in accordance with the law.
The amount of bribes taken by Tong Daochi is particularly huge, the circumstances of the crime are particularly serious, the social impact is particularly bad, and it has caused particularly heavy losses to the interests of the country and the people, and should be sentenced to death if found guilty.
In view of the fact that Tong Daochi was able to truthfully confess the crime after he came to the case, and voluntarily confessed most of the facts of bribery and insider trading that the case-handling agency had not yet grasped, the crime of insider trading constituted surrender, confession, repentance, active return of stolen goods, illicit proceeds from bribery, and illegal gains from insider trading. All of them have been recovered, and there are statutory and discretionary circumstances for lighter or mitigated punishment. The death penalty for the crime of accepting bribes may not be executed immediately, and the crime of insider trading may be given a lighter punishment.
The court made the above judgment.
Previously, Shuangkai was engaged in power and money transactions
In April last year, Tong Daochi was expelled from the party and public office.
The investigation into Tong Daochi began more than a year ago.
On November 1, 2020, the website of the Central Commission for Discipline Inspection and the State Supervision Commission announced that Tong Daochi had been reviewed and investigated by the Central Commission for Discipline Inspection and the State Supervision Commission.
According to the report, Tong Daochi, member of the Standing Committee of the Hainan Provincial Party Committee and Secretary of the Sanya Municipal Party Committee, is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervision investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission.
On April 30, 2021, the website of the Central Commission for Discipline Inspection and the State Supervision Commission announced that Tong Daochi was "double-opened". Serious violations of discipline and law have been filed for review and investigation.
After investigation, Tong Daochi lost his ideals and beliefs, betrayed his original mission, and implemented major decisions and arrangements of the CPC Central Committee with discounts and flexibility. Gift money, accept extravagant consumption arrangements, greedy for pleasure; use power to seek power rents in the capital market, provide help for relatives’ business activities, grab illegal benefits, rotten life, and engage in power and money transactions; do not buy major projects. Correctly perform their duties; take advantage of their positions to seek benefits for others in terms of company listing, business operations, financing and borrowing, and illegally accept huge amounts of property.
The State Supervision Commission of the Central Commission for Discipline Inspection stated that Tong Daochi seriously violated the party's political discipline, organizational discipline, integrity discipline, work discipline and life discipline, constituted a serious duty violation and was suspected of taking bribes. The nature is serious, the impact is bad, and should be dealt with seriously.
In accordance with the Regulations of the Communist Party of China on Disciplinary Actions, the Supervision Law of the People's Republic of China, and the Law of the People's Republic of China on Administrative Punishments for Public Officials and other relevant regulations, after being studied at the meeting of the Standing Committee of the Central Commission for Discipline Inspection and reported to the Central Committee of the Communist Party of China for approval, it was decided to give Tong Daochi the punishment of expulsion from the party; The State Supervisory Commission gave him the sanction of dismissal from public office; confiscated his disciplinary and illegal income; transferred his suspected crime to the procuratorate for examination and prosecution according to law, and the property involved was transferred together.
On June 4, 2021, according to the official website of the Supreme People's Procuratorate, Tong Daochi, former member of the Standing Committee of the Hainan Provincial Party Committee and former secretary of the Sanya Municipal Party Committee, was decided to arrest.
On September 30, 2021, according to the official website of the Supreme People's Procuratorate, Guangdong procuratorial organs prosecuted Tong Daochi for alleged bribery and insider trading.
According to public information, Tong Daochi was born in October 1967. In November 2018, Tong Daochi served as a member of the Standing Committee of the Hainan Provincial Party Committee and Secretary of the Sanya Municipal Party Committee. He was investigated in November 2020.
Improve the governance efficiency of corruption in the capital market field
In recent years, the supervision has always maintained a high pressure on the violation of laws and regulations in the securities regulatory system, and many corrupt elements who have performed their duties in the issuance department have been identified.
In December 2021, the Disciplinary Inspection and Supervision Team of the Central Commission for Discipline Inspection and the State Supervision Commission of the China Securities Regulatory Commission and the Zhejiang Provincial Supervisory Authority have made a The deputy director of the GEM Listing Review Center has launched a case for review and investigation on serious violations of discipline and law.
After investigation, as a leading cadre of party members, Cao Ship has lost his ideals and beliefs, deviates from his original mission, does not respect and does not keep the bottom line, and has repeatedly broken discipline and law.
Violating the spirit of the eight central regulations for a long time, forming a small circle with regulatory service objects, often accepting banquets, and wantonly accepting gifts and gifts; good at disguising, violating integrity and work discipline, using other people's accounts to buy and sell stocks, leaking work secrets, and disrupting the issuance supervision order ; The awareness of public power is indifferent, willing to be "hunted", alienating the issuance review power into a profit-making tool, illegally accepting a large amount of property, and illegally making profits by buying shares in the company to be listed, the amount is huge.
Chen Xiang, former vice president of Tianjian Certified Public Accountants, and Zhu Yi, general manager of the investment banking department of Guotai Junan Securities Co., Ltd., who were members of the three-term Main Board Issuance Examination Committee who worked with Caojian, were also taken away for investigation.
Going forward, Zeng Changhong, Xu Tie, Li Zhiling and others who had served in the distribution department or the issuance review committee were also investigated for violations of laws and disciplines and were sentenced to corresponding penalties.
Recently, the rhythm of "fighting tigers" in the financial sector has also been very intensive. Since April, including the central bank, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the People's Insurance and other financial institutions, at least 16 financial institutions have been investigated. Among them, a total of 3 people in the CSRC system have been investigated. investigation or be expelled from the party.
The financial "big tiger" has been identified, which has played a great deterrent role in the financial system.