China executes former senior banker for taking $156 mn bribes

China executed a former executive of a top state-controlled asset management firm for corruption on Tuesday, state media reported.

Bai Tianhui, the ex-general manager of China Huarong International Holdings (CHIH), was found guilty of accepting more than $156 million while offering favourable treatment in the acquisition and financing of projects between 2014 and 2018, state broadcaster CCTV said.