By now, most people know that the Chinese Communist Party (CCP) has become the most corrupt political entity in the world.
How vast and how deep does the corruption of the CCP run? In these two articles, we discuss five specific cases to illustrate the greedy behavioral patterns and gluttonous habits of these entitled and corrupt officials.
On October 13, The Epoch Times published an article about how CCP officials rank first in the world for corruption over a billion dollars, which takes into account the inventory of 112 corrupt officials who were investigated and dealt with in the past 10 years, the list of names, their official positions and the amount amassed by them as announced by the CCP.
5 cases of corruption
1. Profoundly corrupt chairman robbed his own bank
On August 27, 2021, Cai Guohua, the former Chairman of Hengfeng Bank, was sentenced to death with a 2-year reprieve. He was indicted on five counts of abuse of power, corruption, embezzlement of public funds, receiving bribes, and illegal loans involving 10.3 billion yuan (US$1.43 billion). The death sentence was commuted to life imprisonment with no reprieve or parole.
Cai Guohua took over as Chairman of Hengfeng Bank in December 2013, nearly a year into the anti-corruption campaign. As soon as he took office, he regarded the state-owned bank as his own money bag and lived a luxurious life with the bank’s money. He had been the Chairman of the bank for nearly four years, during which time he embezzled more than 300 million yuan in total for personal use.
On June 11, 2020, the website of the Central Commission for Discipline Inspection published an article saying that Hengfeng Bank became Cai Guohua’s “private ATM.” During his tenure as Chairman, on average, a staggering and stunning amount of 400,000 yuan (US$55,667) was stolen every day.
“His personal living expenses, family living expenses, and even the employment of bodyguards were blatantly billed to Hengfeng Bank.”
For example, his family spent 540,000 yuan (US$75,149) on bodyguards, 1.427 million yuan (US$0.2 million) on family living expenses, a Max Mara coat that cost more than 40,000 yuan (US$5,567.00) for his daughter, and mahogany furniture worth 8.218 million yuan (US$1.144 million), and these were all billed to Hengfeng Bank.
He also used public funds to charter the technologically advanced business jet Falcon 7X several times for travelling abroad to shop for luxury goods.
Photos show the Stefano Ricci belt he used — marked by an eagle head, the belt buckle was made of solid gold and cost 218,000 yuan (US$30,346)
When Cai Guohua was sacked, the balance of Hengfeng Bank’s non-performing loans reached 163.561 billion yuan, (US$22.76 billion), and the loan loss provision was 89.475 billion yuan, (US$12.45 billion), which was already at a precarious level.
2. 4,000 bottles of the most expensive Moutai liquor were deliberately poured down the drain.
On April 23, 2019, Wang Xiaoguang, the former Vice Governor of Guizhou, was sentenced to 20 years in prison and fined 173.5 million yuan (US$24.15 million) for accepting bribes of 48.7 million yuan, (US$6.78 million), embezzling 5 million yuan (US$0.7 million), insider trading of 490 million yuan (US$68.2 million), and making a profit of 160 million yuan (US$22.27 million)
At the beginning of 2020, the CCTV (Chinese state media) feature film National Supervision reported that before Wang Xiaoguang was placed under detention by the National Supervision Commission in April 2018, he became suspicious that he might be under investigation, so he began to plot and collude ways of evasion with his accomplices.
He was still not at ease merely by making a string of offerings to the Commission because he still had a lot of bottles of Moutai at home. At first, he bought one large jar after another, poured Moutai into it, and then replaced the bottles with ordinary liquor.
However, he soon discovered that the Moutai liquor at home could not be filled into just a few jars, and even if all of it was poured into jars, it may still be discovered. So he decided to pour more than 4,000 bottles of the most expensive vintage liquor down the drain at his home.
After Wang Xiaoguang was placed under official investigation, investigators found more than 4,000 bottles of Moutai in his home. In addition to those that were dumped, there were more than 8,000 bottles of Moutai stored in his house before that incident.
At that time, his wife sighed: “I can’t throw it away, I can’t drink it, I can’t give it away, I can’t finish it….”
In addition, Wang Xiaoguang had been in the business of selling Moutai for a long time. Through Yuan Renguo, the general manager of the Moutai Group at that time, and together with others, he set up four Moutai franchises for his family and relatives, and he made a profit of more than 40 million yuan (US$5.57 million) over seven years.
