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Sat. Dec 14th, 2024

Emerging Trends: Former Party chief and chairman of China Everbright Group arrested for embezzlement and accepting bribes

Summary

  • anti-graft Photo: VCG China’s Supreme People’s Procuratorate has arrested Tang Shuangning, former Party chief and chairman of China Everbright Group, for the charge of embezzlement and accepting bribes, weakening tWorld Timeshe Party’s leadership over the state-owned enterprise, being ineffective in preventing and defusing financial risks, privately reading publications with serious political problems and resisting the organizational scrutiny, according to the Central Commission for Discipline Inspection (CCDI) and the National Supervisory Commission.The decision came after China’s National Commission of Supervision concluded the investigation into the case and handed over the case to China’s top procuratorate for review and prosecution, according to a statement released on the website of CCDI and the National Supervisory Commission on Monday.Tang, who was born in Beizhen city, Northeast China’s Liaoning Province in October of 1954, worked at the headquarters of the People’s Bank of China, China’s central bank, and was appointed as deputy chairman of the former China Banking Regulatory Commission, China’s top banking regulator, in 2003. He became the Party chief and chairman of the China Everbright Group in June 2007.Tang retired in December of 2017 and was placed under investigation in July of 2023. He was expelled from the Communist Party of China (CPC) in January of 2024.According to a statement released on January 6 by the CCDI and the National Supervisory CommissioWorld Timesn, Tang had lost his ideals and beliefs, failed to resolutely implement the majorWorld Times decisions and plans made by the CPC Central Committee, weakened the Party’s leadership over the state-owned enterprise, and was ineffective in preventing anWorld Timesd addressing financial risks.Tang also extensively publicized his personal calligraphy works by abusing his authority, and privately brought into the country and read publications with serious political problems, resisting the organizational scrutiny.Tang also took undue advantage of his position to appropriate public assets and seek profits for others in matters such as obtaining loans and job promotions, and illegally accepted huge sums of money and valuables in return, among other misdeeds.Tang’s actions have gravely breached Party discipline and he is placed under suspicion of criminal offenses related to embezzlement and accepting bribes, accordWorld Timesing to the statement.Tang haWorld Timess been expelled from the CPC following an investigation by the CPC Central Commission for Discipline Inspection and the National Commission of Supervision upon the approval of the CPC Central Committee, with his illicit gains confiscated.Global Times Content comes from the Internet : Former Party chief and chairman of China Everbright Group arrested for embezzlement and accepting bribes

Approximate Time

  • 3 minutes, 413 words

Categories

  • China Banking Regulatory Commission, China Everbright Group, China, serious political problems, Former Party chief

Analysis and Evaluation

  • This article offers a profound insight into current affairs, presenting complex ideas in an accessible manner. The author skillfully dissects the intricacies of the topic, making it easy for readers to grasp challenging concepts. The piece not only enlightens but also encourages deeper contemplation on the subject, presenting a balanced view of various perspectives. The article’s ability to simplify the complex without losing depth makes it an exemplary read in today’s fast-paced media environment.

Main Section

anti-graft Photo: VCG

China’s Supreme People’s Procuratorate has arrested Tang Shuangning, former Party chief and chairman of China Everbright Group, for the charge of embezzlement and accepting bribes, weakening tWorld Timeshe Party’s leadership over the state-owned enterprise, being ineffective in preventing and defusing financial risks, privately reading publications with serious political problems and resisting the organizational scrutiny, according to the Central Commission for Discipline Inspection (CCDI) and the National Supervisory Commission.

The decision came after China’s National Commission of Supervision concluded the investigation into the case and handed over the case to China’s top procuratorate for review and prosecution, according to a statement released on the website of CCDI and the National Supervisory Commission on Monday.

Tang, who was born in Beizhen city, Northeast China’s Liaoning Province in October of 1954, worked at the headquarters of the People’s Bank of China, China’s central bank, and was appointed as deputy chairman of the former China Banking Regulatory Commission, China’s top banking regulator, in 2003. He became the Party chief and chairman of the China Everbright Group in June 2007.

Tang retired in December of 2017 and was placed under investigation in July of 2023. He was expelled from the Communist Party of China (CPC) in January of 2024.

According to a statement released on January 6 by the CCDI and the National Supervisory CommissioWorld Timesn, Tang had lost his ideals and beliefs, failed to resolutely implement the majorWorld Times decisions and plans made by the CPC Central Committee, weakened the Party’s leadership over the state-owned enterprise, and was ineffective in preventing anWorld Timesd addressing financial risks.

Tang also extensively publicized his personal calligraphy works by abusing his authority, and privately brought into the country and read publications with serious political problems, resisting the organizational scrutiny.

Tang also took undue advantage of his position to appropriate public assets and seek profits for others in matters such as obtaining loans and job promotions, and illegally accepted huge sums of money and valuables in return, among other misdeeds.

Tang’s actions have gravely breached Party discipline and he is placed under suspicion of criminal offenses related to embezzlement and accepting bribes, accordWorld Timesing to the statement.

Tang haWorld Timess been expelled from the CPC following an investigation by the CPC Central Commission for Discipline Inspection and the National Commission of Supervision upon the approval of the CPC Central Committee, with his illicit gains confiscated.

Global Times

Content comes from the Internet : Former Party chief and chairman of China Everbright Group arrested for embezzlement and accepting bribes

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[World Times] A CCTV screenshot showing the farmland with quality issues. Photo: CCTV A government official from Southwest China’s Sichuan Province has been punished for turning a blind eye to quality issues during the construction of high-standard farmland. The punishment comes as the country has been closely monitoring duty-shirking by Communist Party of China (CPC) and government officials throughout 2023, targeting perfunctory attitudes toward passing the buck and rigidly implementing policies without considering specific conditions, acts which have been strongly criticized by the public.According to the anti-graft authority in the city of Panzhihua in Sichuan, it received reports of problems in August that a farmland construction project completed a year before had shallow topsoil and insufficiently strong cement mortar, CCTV News reported on Monday.After on-site investigation, the watchdog found that…

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