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Former China Communist Party Chief of Sanya in Hainan Province Sentenced to Death for Insider Trading & Receiving $43 Million in Bribes
3rd June 2022 | Hong Kong
The former China Communist Party Chief of Sanya in Hainan Province Tong Daochi had been sentenced to death for insider trading & receiving $43 million in bribes. Tong Daochi had been sentenced to death with a 2 years reprieve, a fine of $600,000 (CNY 4 million), confiscation of all personal properties (Insider trading). Between 2006 & 2007, former China Communist Party Chief of Sanya in Hainan Province Tong Daochi received insider information on stocks as a policy planning official a the China Securities Regulatory Commission (CSRC), and directed his relatives and close associates to buy stocks before the information are made public.
“ Former China Communist Party Chief of Sanya in Hainan Province Sentenced to Death for Insider Trading & Receiving $43 Million in Bribes “
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