A top Chinese banker confessed to taking bribes after $29 million in cash was found in his apartment
|01/14/2020||Posted by BusinessMediaguide.Com under General World News||
- One of China’s top bankers took millions of dollars’ worth of bribes and kept them in a Beijing apartment he compared to a “supermarket,” according to Bloomberg.
- Lai Xiaomin, the former chairman of banking giant China Huarong Asset Management, confessed to accepting and stashing the illicit cash in a state TV documentary broadcast this week.
- Chinese officials discovered 200 million yuan ($29 million) packed into metal cabinets in his apartment.
- “I got the money and just left it there, just like making regular trips to the supermarket,” Lai said in the documentary, Bloomberg said.
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