On January 26, 2024, the Beijing No. 3 Intermediate People's Court publicly sentenced He Xingxiang, the former vice president of the China Development Bank, for accepting bribes, issuing financial instruments in violation of regulations, illegally granting loans, and concealing overseas deposits. The defendant He Xingxiang was sentenced to a fixed term for accepting bribes. Sentenced to 14 years in prison and fined RMB 5 million for concealing overseas deposits. He Xingxiang was sentenced to one year in prison and decided to execute the sentence of 20 years in prison and fined RMB 5.1 million. He Xingxiang's criminal proceeds and interest were recovered in accordance with the law and turned over to the state treasury.
After review, it was found that:
From 2006 to 2021, the defendant He Xingxiang took advantage of his position as the President of the Hainan Branch of the Bank of China, the President of the Shandong Branch of the Bank of China, the Vice President of the Agricultural Development Bank of China, and the Vice President of the China Development Bank, or took advantage of his authority and status. The convenient conditions formed, through the actions of staff from other countries in their duties, provided assistance to relevant units and individuals in handling bank credit, employment of children, etc., and illegally accepted property from others directly or through their relatives, totaling more than RMB 66.36 million.
From 2012 to 2014, when the defendant He Xingxiang served as the president of the Shandong Branch of the Bank of China, when the relevant enterprises failed to implement unified credit management according to group customers and misappropriated trade financing for other purposes, and some of the collateral for credit business was insufficiently valuable, Instructing bank personnel to handle trade financing credit in violation of regulations. According to the above-mentioned credit extension, the relevant branches of the Bank of China processed letters of credit and advance payment guarantees totaling more than 6.349 billion yuan and more than 104 million US dollars. As of the incident, the above-mentioned trade financing business had caused the bank to lose more than 1.461 billion yuan in principal.
In September 2014, when the defendant He Xingxiang was the president of Bank of China Shandong Branch, he illegally decided to adjust the trade financing credit line of relevant enterprises to short-term working capital loans. The relevant branches of Bank of China successively issued working capital loans totaling more than 1.746 billion yuan. From 2012 to 2013, when the applicant applied for loans in the name of others and misappropriated loan funds, He Xingxiang instructed bank personnel to apply for loans of more than 77.43 million yuan, causing the bank's principal loss of more than 9.62 million yuan.
From 2015 to 2021, when the defendant He Xingxiang served as the vice president of the Agricultural Development Bank of China and the vice president of the National Development Bank, he failed to truthfully report to the organization more than 33.69 million yuan in deposits in bank accounts opened overseas by his family members and controlled and used by He Xingxiang. Case.
The Beijing No. 3 Intermediate People's Court held that the defendant He Xingxiang's behavior constituted the crime of accepting bribes, illegally issuing financial instruments, illegally granting loans, and concealing overseas deposits, and should be punished in accordance with the law and punished for several crimes. In view of the fact that some of He Xingxiang's bribery crimes were attempted, after arriving at the case, he took the initiative to confess most of the facts of bribery crimes that were not known by the case handling agency, and truthfully confessed that he had accepted bribes, illegally issued financial instruments, illegally issued loans, and concealed overseas deposits. He pleaded guilty and repented, and actively retired. All stolen money and stolen goods must be paid, and the offender shall be given a lighter punishment. The court then made the above judgment.
(CCTV reporter Xi Danni Zhang Sai)