China has executed Li Jianping, former secretary of the Communist Party work committee of the Hohhot economic and technological development zone, who was convicted of embezzlement totaling more than 3 billion yuan ($412 million).
According to CCTV, the sentence was carried out in Inner Mongolia, amid a large-scale anti-corruption campaign by the Beijing government.
Li Jianping, 64, was charged with bribery, embezzlement, and collusion with criminal organizations. In 2022, Li Jianping was sentenced to death after being found guilty of abusing his position to embezzle public funds. After an unsuccessful appeal in August 2023, the sentence was upheld by the Supreme People's Court and carried out on December 17.
According to the conclusion from the Supreme Court, Li Jianping appropriated more than 1.437 billion yuan ($197 million) from state-owned companies using "fraudulent tricks", of which more than 289 million yuan ($39.6 million) has not been recovered.
In addition, Li Jianping accepted bribes of more than 577 million yuan (US$79.2 million) in exchange for benefits, and embezzled more than 1.06 billion yuan (US$137 million) from public funds, with more than 404 million yuan (US$55.4 million) not recovered before the case was exposed.
Last month, Liu Liange, former chairman of the Bank of China, was sentenced to death with a two-year reprieve for accepting nearly $17 million in bribes and granting illegal loans.
In the anti-corruption campaign that has intensified since President Xi Jinping assumed his third term in 2022, many billionaires and bankers have been expelled from the Party and sentenced to prison.
