A top Chinese banker confessed to taking bribes after $29 million in cash was found in his apartment
One of China's top bankers took millions of dollars' worth of bribes and kept them in a Beijing apartment he compared to a"supermarket,"Lai Xiaomin, the former chairman of banking giant China Huarong Asset Management, confessed to accepting and stashing the illicit cash in a state TV documentary broadcast this week."I got the money and just left it there, just like making regular trips to the supermarket," Lai said in the documentary, Bloomberg said.
Lai, an ex-employee of China's central bank and banking regulator, was labeled the nation's most corrupt financial official during the program, Bloomberg said. He has been charged with a laundry list of crimes including corruption, taking bribes, and bigamy — marrying someone while already married.
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