Xiao Xing, Former Deputy General Manager of China Taiping Insurance, Sentenced to Life Imprisonment for Bribery
Xiao Xing, the former deputy general manager of State-owned China Taiping Insurance Holdings Co Ltd, was sentenced to life imprisonment for bribery on Monday by a court in Central China. The court in Xinxiang, Henan province, also ruled that all of Xiao's personal assets would be confiscated.
Prior to his position at China Taiping Insurance, Xiao held several other management positions, including general manager of China Life Insurance's Shanghai branch and general manager of Taiping Asset Management Co Ltd.
The court found that from 1998 to 2023, Xiao abused his positions to assist relevant units and individuals with financing loans, business cooperation, job placements, and other matters through the actions of other state employees. He illegally accepted property worth more than 81.5 million yuan ($11.2 million) directly or through other means.
Despite the severity of the charges, Xiao was granted a lenient sentence due to his willingness to cooperate with investigators and return illegal gains.
6 Comments
Rotfront
I can’t help but feel this is more about making an example of him than delivering actual justice.
Matzomaster
Sure, he did something wrong, but is lifelong imprisonment really the solution? We need better rehabilitation methods.
Karamba
It is disappointing to see the system fail again; people deserve second chances, not lifelong sentences.
Eugene Alta
What about others involved? Why single out one person while the system is filled with corruption?
Katchuka
Life with no chance of parole? The punishment does not fit the crime; this seems like political grandstanding.
Raphael
Let’s face it, this is more about the government wanting to send a strong message than true justice.