On February 12, China Discipline Inspection and Supervision News published an article detailing the case of Zhu Huimin, former chairman of China Everbright Industries Co., for the first time.
With the coordination of the National Supervisory Commission (NSC) and the Central Commission for Discipline Inspection (CCDI), the Heilongjiang Provincial Commission for Discipline Inspection and Supervision acted simultaneously in four provinces. It controlled ten people involved in the case within 2 hours.
The article disclosed that the discovery of Zhu Huimin’s problem came shortly after the establishment of the Discipline Inspection and Supervision Team in the China Everbright Group. An internal audit found that Zhu Huimin had approved and issued a non-performing loan business during his tenure as the president of China Everbright Bank’s Shenzhen Branch, which amounted to a huge amount.
The preliminary investigation found that Zhu Huimin was suspected of illegally granting loans while working at China Everbright Bank. During his work at China Everbright Bank and China Everbright Industrial, he received more than 30 million yuan (4.7 million dollars) from four client companies through his relatives and was also suspected of accepting villas worth more than 40 million yuan (6.3 million dollars). He had substantial economic exchanges with business owners.
According to the report, Zhu Huimin has been with the Everbright system for nearly 20 years and has traveled to Zhengzhou, Henan, Fuzhou, Fujian, Shenzhen, Beijing, Guangdong, and other locations.
In addition, he was responsible for the approval of credit loans, investment and financing, and other business-related companies. Hundreds of companies have frequent business exchanges. It has involved many illegal and criminal areas and many enterprises for a long time, and it isn’t easy to obtain evidence.
The aforementioned discipline watchdog cooperated closely and controlled ten people involved within 2 hours, setting a solid foundation for a comprehensive breakthrough in the case investigation.
After the personnel control was in place, the task force faced another problem. That is, the financial industry is professional, monopolistic, and franchised. Zhu Huimin has worked in the financial field for many years and is well versed in financial expertise and industry rules. It is a “hard nut to crack” to find out and identify his violations of discipline and the law.
According to the Heilongjiang Provincial Task Force members, the close intertwining of job-related crimes, investment and business activities is a significant feature of this case.
Under the coordination and cooperation of the “office organization,” the review and investigation work progressed smoothly. Zhu Huimin is accused of seriously violated the party’s political discipline, the spirit of the eight central regulations, organizational discipline, integrity discipline, work discipline, and life discipline, as well as suspected corruption, illegal granting of loans, bigamy, and other violations of discipline and law, which have been thoroughly investigated.
Zhu Huimin used his powers to approve loans, invest in companies, and provide financing to intervene in private enterprise investment projects. The bribery method is covert and cunning.
When he used his power for personal gain, he often used professional operations to put on a legal “coat” to cover his inappropriate activities in lending, financing, and investment behavior. His crimes involved dozens of relatives holding accounts on his behalf and nearly a thousand hidden fund accounts. The relationship between the funds was complicated.
Apart from the case of Everbright’s former chairman, there are some remarkable cases, such as the case of Wu Wenning, the former general manager of China Railway Special Cargo Logistics Co., Ltd., and one of Hou Moufei, a section-level cadre.