And finally… loadsamoney

Chinese businessman Lai Xiaomin has pleaded guilty to China’s largest bribery case, which saw him accept nearly £200 million from clients and hoarding tonnes of cash in vaults at his home.
 

The former chairman of China Huarong Asset Management, stored his money at several properties, including 270 million yuan (£29 million) in a room full of safes and vaults which he called the “supermarket” because he frequented it as often as he would visit a market.

The court head that Mr Lai also accepted property, luxury cars, expensive watches, gold bars and works of art as forms of payment.

He pleaded guilty to the charges of taking bribes, corruption and bigamy in a court in the northern city of Tianjin, The Times reports.

He could face life in prison or the death penalty, although this is unusual for financial crimes.

 


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