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Accepting bribes of 133 million yuan, the details of Qi Yumin, the former chairman of Brilliance Group, were exposed

A few days ago, the official website of the Liaoning Provincial Commission for Discipline Inspection announced the details of the bribery of Qi Yumin, former party secretary and chairman of Brilliance Automotive Group Holdings Co., Ltd.

Accepting bribes of 133 million yuan, the details of Qi Yumin, the former chairman of Brilliance Group, were exposed

According to the "Liaoning Discipline Inspection and Supervision Organs Carrying Out Business Environment Supervision Action Circular", Qi Yumin, former party secretary and chairman of Brilliance Automotive Group Holdings Co., Ltd., accepted a bribe of 133 million yuan, was expelled from the party, and his suspected crimes were transferred to the procuratorial organs for review and prosecution according to law.

In terms of specific details, in August 2018, Brilliance Group signed an agreement with a company outside the province to cooperate in the development of new energy vehicle projects, during which Qi Yumin took care of the company and accepted 11 million yuan.

Oxcart Network inquired about the relevant information and found that in 2018, Brilliance Group is cooperating with Xinri (Wuxi) Development Co., Ltd. (hereinafter referred to as "Xinri Development") to jointly lay out new energy vehicles, and the time node coincides with the above details. In October 2018, Brilliance Xinri New Energy Automobile Co., Ltd. was established, and the cooperation between Brilliance and Xinri groups is also regarded as an important result of industrial complementary cooperation between Liaoning and Jiangsu provinces.

Accepting bribes of 133 million yuan, the details of Qi Yumin, the former chairman of Brilliance Group, were exposed

However, from the perspective of the territory of The New Day Development, this itself is a company that produces electric bicycles, and the new company Zhonghua Chen Automobile accounts for 33.4%, and there is no excessive investment. Since then, the two sides have cooperated to launch a micro pure electric vehicle Brilliance Xinri i03, priced at more than 70,000 yuan, whether it is product positioning or cost-effective, it lacks competitive strength. In 2021, brilliance Xinri's total sales reached only 104 vehicles, which has basically faded from the public eye. If the content of this briefing is the development of the new day, then the reason for the decline of the brand development may be this.

In addition, according to the content of the circular, from 1995 to 2019, Qi Yumin took advantage of his position to seek benefits for 39 people in terms of borrowing funds, contracting business, and obtaining the right to operate and sell, and accepted property equivalent to a total of more than 133 million yuan. Qi Yumin also had other serious problems of violating discipline and the law.

In June 2021, Qi Yumin was expelled from the party for 9 crimes, canceled the treatment he enjoyed in accordance with regulations, confiscated his proceeds of violations of discipline and law, and transferred his suspected crimes to the procuratorate for review and prosecution in accordance with law, and the property involved was transferred together.

After spending 15 spring and autumn seasons in Brilliance Group, Qi Yumin was finally labeled as "a typical example of problems such as sabotaging the operating environment in the field of state-owned assets and state-owned enterprises", drawing the last end to his career.

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