Core Viewpoint - The investigation reveals significant corruption involving Yi Xuefei, the former president of Guangzhou Rural Commercial Bank, who utilized loan schemes to disguise illegal financial activities and personal gain [1][5]. Group 1: Corruption Mechanism - Yi Xuefei, who held various positions at Guangzhou Rural Commercial Bank since 2006, engaged in corrupt practices by facilitating loans for businesses in exchange for kickbacks disguised as interest payments [1][2]. - He orchestrated a scheme where loans totaling 24 million yuan were funneled through intermediaries, ultimately benefiting his family [2][3]. - The loans were often secured against assets held by associates, allowing Yi to maintain a façade of legitimacy while profiting from the transactions [2][3]. Group 2: Loan Characteristics - The investigation identified unusual patterns in borrowing behavior, such as businesses opting for high-interest personal loans instead of lower-rate bank loans, indicating potential coercion or collusion [4]. - Some borrowers paid interest exceeding the principal amount, while others voluntarily increased interest rates, suggesting a manipulation of loan terms to benefit Yi [4][5]. Group 3: Investigative Findings - The investigation focused on the authenticity of borrowing needs and the correlation between lending and Yi's authority, revealing that loan approvals often coincided with Yi's personal financial dealings with borrowers [4][5]. - Yi Xuefei admitted to receiving over 18 million yuan in interest from these illicit loans since 2005, confirming the extent of his corrupt activities [5].
敛财超1800万元，广州农商行原行长腐败问题曝光