Core Points - The case of Wang Zhu, former head of the Administrative Penalty Bureau of the National Financial Supervision Administration, has concluded with a sentencing for bribery amounting to 33.77 million yuan over a span of more than 20 years in financial regulation [1][12] - Wang utilized his regulatory positions across banking and insurance sectors to amass illegal wealth, receiving bribes in various forms including cash, stocks, and property benefits [3][9] Summary by Sections Background - Wang Zhu, born in January 1969, has a long career in financial regulation, having held various positions in the People's Bank of China and the former China Insurance Regulatory Commission [3] - His roles included leadership positions in multiple regulatory bodies, culminating in his role as head of the Heilongjiang Regulatory Bureau [3] Bribery Details - The total amount of illegal gains was 33,768,244 yuan, with 24 specific instances of bribery documented [4][12] - Notable instances include receiving 17.98 million yuan worth of stocks in exchange for facilitating loan approvals for a company facing financial difficulties [5][12] - Wang's methods included direct cash payments, stock transfers, and other forms of compensation such as shopping cards and property benefits [9][12] Legal Proceedings - Wang was sentenced to 12 years and 6 months in prison, along with a fine of 2 million yuan, and ordered to return the illegal gains [12] - The court emphasized the severity of his actions, highlighting the significant amount involved and the abuse of his regulatory power [12][13] Implications for the Financial Sector - The case underscores the ongoing anti-corruption efforts within China's financial regulatory framework, signaling that no individual, regardless of their position, is above the law [13] - The National Financial Supervision Administration has been actively pursuing corruption cases, with several high-profile officials being investigated and penalized [13]
受贿3377万元!原金融监管干部二十余年编织权钱暗网,一审获刑12年半
Xin Lang Cai Jing·2025-10-15 01:10