The Shenzhen Intermediate People's Court of Guangdong Province today publicly sentenced Tong Daochi, former member of the Standing Committee of the Hainan Provincial Party Committee of the Communist Party of China and former secretary of the Sanya Municipal Party Committee, in the case of accepting bribes and insider trading. He was also sentenced to confiscation of all personal property, and sentenced to five years in prison and a fine of 4 million yuan for the crime of insider trading. He decided to execute the death penalty with a two-year reprieve, deprived of political rights for life, and sentenced to confiscation of all personal property; he took bribes to Tong Daochi , The property obtained from insider trading and its fruits shall be 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.
After the trial, it was found that: from 2004 to 2020, the defendant Tong Daochi used to serve 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 Hainan Provincial Committee of the Communist Party of China and the Secretary of the Sanya Municipal Party Committee and the convenient conditions for the formation of powers and positions, providing assistance to relevant units and individuals in matters such as company listing, business operation, financing and borrowing, and rank promotion, directly or through their specific relationship. The illegally accepted property from others is equivalent to more than RMB 274 million.
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 the defendant Tong Daochi's behavior constituted the crime of accepting bribes and insider trading according to 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.
(Headquarters CCTV reporter Xi Danni Zhang Sai)