China's top corruption watchdog has branded a financial big shot sentenced to death for bribery as an "enemy within" for the financial system, using the high-profile case to underscore the resolve of the country's leaders to tighten their grip on bad-debt managers and curb financial risks.
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'Bad bank' chief was 'enemy within,' China watchdogs say
Huarong ex-Chairman Lai's corruption case serves as warning to industry
Lai Xiaomin, former chairman of China Huarong Asset Management, was sentenced to death on Jan. 5. after he was found guilty of taking 1.79 billion yuan in bribes. © Reuters
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