Tuesday, April 16, 2024

China Taiping Insurance Scandal

Xiao Xing, a former deputy general manager of state-owned China Taiping Insurance Holdings Company Limited, has been indicted on charges of accepting bribes.

Following the completion of the National Commission of Supervision's investigations, the people's procuratorate of the city of Xinxiang in central China's Henan Province filed Xiao's case to the city's intermediate people's court.

Prosecutors accused Xiao of taking advantage of his various posts and abusing his power to seek illicit gains for others, while illegally accepting a huge amount of bribes in the form of money and valuables in return.

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