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Another "financial tiger" was sentenced to 20 years in prison, lending more than 1.8 billion yuan in violation of regulations, and accepting 66 million bribes

No matter how long the hand is and how high the official is, he will still not be able to escape the trial and punishment of the law.

He Xingxiang, male, born in 1963, is a member of the Communist Party of China and a master's degree candidate. He used to be a member of the Party Committee and Vice President of China Development Bank.

Another "financial tiger" was sentenced to 20 years in prison, lending more than 1.8 billion yuan in violation of regulations, and accepting 66 million bribes

On January 26, 2024, he was publicly convicted by the Beijing No. 3 Intermediate People's Court of accepting bribes, issuing financial bills in violation of regulations, illegally issuing loans, In the case of concealing overseas deposits, the defendant He Xingxiang was sentenced to 14 years imprisonment and a fine of 5 million yuan for accepting bribes, 11 years imprisonment for the crime of issuing financial documents in violation of regulations, 8 years imprisonment and a fine of 100,000 yuan for illegally issuing loans, and 1 year imprisonment for concealing overseas deposits, and it was decided to enforce the sentence of 20 years imprisonment and a fine of 5.1 million yuan.

Another "financial tiger" was sentenced to 20 years in prison, lending more than 1.8 billion yuan in violation of regulations, and accepting 66 million bribes

He Xingxiang has been working in the banking system for a long time, starting from the grassroots level.

From the beginning of the Bank of China Shangyu Sub-branch, he gradually rose to the post of Secretary of the Party Committee and President of Jiaxing Branch, then to the Party Committee and Vice President of Jilin Branch, the Secretary of the Party Committee and President of Hainan Branch, and the Secretary of the Party Committee and President of Shandong Branch. He Xingxiang's tenure experience is quite rich, from the grassroots level of the branch to the vice president of the China Development Bank, the time is not long, but in this short period of more than 20 years, the bank has become a tool for him to accumulate wealth.

He Xiangxing has not had many means to accumulate wealth, especially the illegal issuance of loans, which have illegally issued more than 1.8 billion yuan, and these loans are his personal losses, and in order to obtain some benefits, he has to bear the burden of the bank, and his courage is not small.

In addition, the illegal issuance of financial bills is also his tool for accumulating money, and in his hands, he will not miss the opportunity to collect money, and because of this, he was sentenced to 11 years in prison for just issuing financial bills in violation of regulations, which shows how bad his criminal behavior is.

Another "financial tiger" was sentenced to 20 years in prison, lending more than 1.8 billion yuan in violation of regulations, and accepting 66 million bribes

What He Xiangxing didn't expect was that he thought that he would be relieved if he transferred the funds obtained by crime abroad, but he was also sentenced to another year in prison for concealing overseas deposits, and his illegal gains were confiscated and handed over to the state treasury.

If you do too much injustice, you will kill yourself, and if you go against your original intention and the power given by the state, you will eventually pay a heavy price.

After being sentenced to 20 years in prison, he should reflect on how shameful it is for the state to value him so much, but he has betrayed the interests of the country and caused damage to the interests of the country.

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