this post was submitted on 11 Dec 2025
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Former Chinese senior banker Bai Tianhui executed for taking US$155 million in bribes (hexbear.net)
submitted 3 months ago* (last edited 3 months ago) by deathtoreddit@lemmygrad.ml to c/sino@hexbear.net
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cross-posted from: https://lemmygrad.ml/post/10032307

https://www.scmp.com/news/china/politics/article/3335722/former-chinese-senior-banker-bai-tianhui-executed-taking-us155-million-bribes

Archive version to get past the pay wall.

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[–] comfy@lemmy.ml 31 points 3 months ago

but what that money was used to get in terms of favours. It undermines the entire system.

Absolutely. Tigers and Flies wasn't just about restoring public trust, it was started soon after the neutralization of dozens of CIA sources, who had been uncovered with the help of Iran's own counter-espionage. Before the campaign, corruption allowed for the CIA to effectively pay-to-win in the 90s/00s - they could simply bribe officials to promote assets into more powerful positions.