China's largest corruption case: Li Jianping executed for $421 mn fraud

Li Jianping was convicted of embezzling over three billion yuan, or approximately $421 million, in illegal gains

China Flag, China
china Flag, China(Photo: Shutterstock)
Md Zakariya Khan New Delhi
2 min read Last Updated : Dec 17 2024 | 3:37 PM IST

Don't want to miss the best from Business Standard?

In the largest corruption case in China’s history, the Chinese government executed Li Jianping on Tuesday. Jianping, a former official in the Inner Mongolia Autonomous Region, was sentenced to death after being found guilty of embezzling over three billion yuan (approximately $421 million).
 
The execution was ordered by China’s Supreme People’s Court and carried out by a court in Inner Mongolia, according to the Xinhua News Agency. Jianping, 64, had served as secretary of the Communist Party working committee for the Hohhot Economic and Technological Development Zone. His death sentence was initially issued in September 2022 and upheld on appeal in August 2024.
 

Xi Jinping’s anti-corruption drive

Since coming to power in 2012, President Xi Jinping has made anti-corruption a key part of his governance. Official reports state that over a million party officials, including two defence ministers and several military leaders, have been punished or prosecuted under the campaign.
 
In a speech to the Central Commission for Discipline Inspection plenary session in January, excerpts of which were published in the party’s theoretical magazine Qiushi, Xi called on officials to take a bold stance against corruption. He warned against interest groups undermining the Communist Party and emphasised the need for what he termed the party’s self-revolution.
 
Despite ongoing efforts, corruption cases involving high-ranking officials continue to rise. According to the South China Morning Post, the CCDI investigated 45 senior officials, or tigers, last year. This year, the figure has already climbed to 54.
 
Xi’s anti-graft measures have drawn international attention, particularly in the military. While the campaign has been praised for tackling systemic corruption, critics argue it has also helped consolidate Xi’s power.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Chinacorruption casesBS Web ReportsChinese government

First Published: Dec 17 2024 | 3:15 PM IST

Next Story