On June 16, 2020, the Intermediate People's Court of Changzhou, Jiangsu Province publicly sentenced the former China Insurance Regulatory Commission Chairman Xiang Junbo to accept the bribery case. The defendant Xiang Junbo was sentenced to 11 years in prison for bribery and a fine of RMB 1. One and a half million yuan; Xiang Junbo's property and his income from bribery will be recovered and turned over to the State Treasury. Xiang Junbo said in court that he would obey the judgment and would not appeal.
After trial, it was ascertained that from 2005 to 2017, the defendant Xiang Junbo served as the deputy governor of the People's Bank of China, the secretary of the party committee of the Agricultural Bank of China, the governor, the secretary of the party committee of the Agricultural Bank of China Co., Ltd., the chairman of the board, and China Insurance Supervision and Administration. The convenience of the party committee secretary and chairman of the committee, or the convenient conditions for the formation of power and status, provide assistance to relevant units or individuals in matters such as project contracting, loan business processing, qualification approval, job arrangement and job promotion, directly or through A specific related person illegally accepted the property given by others, totaling more than RMB 18.62 million.
The Changzhou Intermediate People's Court held that the behavior of the defendant Xiang Junbo constituted a crime of taking bribes, and the amount was extremely large and should be punished according to law. Since Xiang Junbo took the initiative to surrender all the facts of bribery crimes that the case-handling organs have not grasped, he surrendered himself; he pleaded guilty and repented, actively returned the stolen goods, and all the stolen goods have been recovered. Punishment. The court then made the above judgment.
(Xi Danni, CCTV reporter at the main station)