According to the official website of the Supreme People's Procuratorate on April 19, the case of Wang Yongsheng, former member of the Party Committee and vice president of the China Development Bank, who was suspected of accepting bribes, was investigated by the State Supervision Commission, and designated by the Supreme People's Procuratorate to be reviewed and prosecuted by the People's Procuratorate of Jilin City, Jilin Province. Recently, the Jilin Municipal People's Procuratorate has filed a public prosecution with the Jilin Intermediate People's Court.
During the examination for prosecution stage, the procuratorate informed the defendant Wang Yongsheng of his procedural rights in accordance with the law, interrogated the defendant Wang Yongsheng, and listened to the defender's opinions. The procuratorate's indictment alleges: Defendant Wang Yongsheng took advantage of his position as secretary of the party committee and president of the Liaoning branch of the China Development Bank, member of the party committee and vice president of the China Development Bank, and other positions, as well as the convenience of his own authority or position, to provide assistance to others in matters such as loan financing, bond purchases, and personnel arrangements, and illegally accepted property from others, the amount of which was particularly huge, and he should be investigated for criminal responsibility for the crime of accepting bribes in accordance with law.
The official website of the Supreme People's Procuratorate
The amount of money and property received from others is particularly huge
According to public information, Wang Yongsheng, born in 1958, has served as the director of the office of the Henan branch of the China Construction Bank, the president of the Zhengzhou branch, the president of the Zhengzhou branch of the China Investment Bank, the president of the Henan branch of the China Development Bank, the president of the Liaoning branch, and the director of the enterprise bureau. He later served as Vice President of China Development Bank and retired in 2018.
On July 20, 2023, the website of the Central Commission for Discipline Inspection and the State Supervision Commission announced that Wang Yongsheng, former member of the Party Committee and vice president of the China Development Bank, is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervision investigation by the Central Commission for Discipline Inspection and the State Supervision Commission.
On January 5, 2024, with the approval of the Central Committee of the Communist Party of China, the Central Commission for Discipline Inspection and the State Supervision Commission conducted a case review and investigation into Wang Yongsheng, former member of the Party Committee and vice president of the China Development Bank, for serious violations of discipline and law.
After investigation, Wang Yongsheng lost his ideals and beliefs, betrayed his original mission, turned a deaf ear to the spirit of the eight central regulations, violated discipline, accepted gifts and money in violation of regulations, accepted banquets, tours, and golf activities arranged by private business owners in violation of regulations, and borrowed other people's vehicles in violation of regulations; violated organizational principles, concealed and failed to report relevant personal matters, and wantonly interfered. Interfering in the recruitment of employees of financial institutions; owning shares of non-listed companies in violation of regulations; inflating their greed, failing to abide by the bottom line of discipline and law, engaging in power-for-money transactions on a large scale, wantonly accepting the transfer of benefits through covert means such as investment and shareholding, taking advantage of their positions to seek benefits for others in loans, financing, bond subscriptions, and so on, and illegally accepting huge sums of money.
Wang Yongsheng seriously violated the party's organizational discipline and integrity discipline, constituted a serious violation of public office and was suspected of taking bribes, and did not restrain or stop after the 18th National Congress of the Communist Party of China, which is serious in nature and has a bad impact, and should be seriously dealt with. In accordance with the "Regulations on Disciplinary Sanctions of the Communist Party of China," the "Supervision Law of the People's Republic of China," the "Law of the People's Republic of China on Governmental Sanctions for Public Employees," and other relevant provisions, the Standing Committee of the Central Commission for Discipline Inspection studied and reported to the CPC Central Committee for approval, and decided to expel Wang Yongsheng from the party; cancel his benefits in accordance with regulations; confiscate his disciplinary and illegal gains; transfer his suspected crimes to the procuratorial organs for review and prosecution in accordance with the law, and transfer the property involved together.
CDB said that in 2023, with the support of the CDB Party Committee, the Discipline Inspection and Supervision Team and the Internal Discipline Inspection Commission of CDB will strengthen political supervision and daily supervision, uphold discipline, continue to strengthen anti-corruption work, and promote the high-quality development of discipline inspection and supervision work to achieve new progress and results. However, the anti-corruption struggle of the Development Bank is still in the deep-water zone, and the situation is still grim and complicated. In 2024, the discipline inspection and supervision work should further strengthen political supervision, do a good job in daily supervision, deepen inspections, rectification and supervision, unswervingly carry out the anti-corruption struggle, continuously strengthen the atmosphere of comprehensive and strict governance of the party, and promote the high-quality development of discipline inspection and supervision work in depth.
Within a year, three former vice presidents of CDB were investigated
On March 14, the case of Zhou Qingyu, former member of the Party Committee and vice president of the China Development Bank, who was suspected of accepting bribes and using influence to accept bribes, was investigated by the State Supervision Commission and designated by the Supreme People's Procuratorate to be reviewed and prosecuted by the People's Procuratorate of Changchun City, Jilin Province.
On March 13, 2024, the website of the Central Commission for Discipline Inspection and the State Supervision Commission announced that Li Jiping, former member of the Party Committee and vice president of the China Development Bank, is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervision investigation by the Central Commission for Discipline Inspection and the State Supervision Commission.
In addition to the aforementioned Wang Yongsheng, Zhou Qingyu, and Li Jiping, Yao Zhongmin, former deputy secretary of the Party Committee and chairman of the board of supervisors of the China Development Bank, was investigated in June 2016, Hu Huaibang, former secretary of the party committee and chairman of the board of directors of the China Development Bank, and He Xingxiang, then member of the party committee and vice president of the China Development Bank, was investigated in September 2021.
According to the data, the China Development Bank was established in 1994 and is a state-owned development financial institution funded by the state, directly under the leadership of the State Council, supporting the development of China's key economic areas and weak links, and having the status of an independent legal person. At present, there are 37 primary branches and 4 secondary branches in Chinese mainland. As of the end of 2022, the total assets of the Development Bank Group were 18.2 trillion yuan.
Editor-in-charge: Jiang Saisai
Inspector Zhang Xiaonan
Source: Supreme People's Procuratorate, The Paper, Finance Associated Press