According to the Supreme People’s Procuratorate, Mr. Li has been accused of serious violations, including serious violations of party discipline and abuse of authority, following an investigation by the State Supervisory Commission that concluded at the end of September.
A statement released on Saturday said Li ignored regulations by accepting invitations that could undermine impartiality, violated organizational principles in order to benefit others in the recruitment process, and that he was a member of a state-owned company. He is accused of profiting from inappropriate financial activities through his position as
“Without regard for legal or ethical boundaries, he shamelessly relies on finance to exploit finance, engages in power and money transactions, and benefits others in business operations and investment opportunities. “He used his advantageous position to bring about theft and illegally received large sums of money.” “He arbitrarily misappropriated public property, causing great loss to the state and its people.”
The statement said Li was expelled from the Communist Party and his ill-gotten gains were confiscated.
Born in 1963, Mr. Li earned a master’s degree in economics from the People’s Bank of China Graduate School in 1988 and held various senior positions in the financial sector.
