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Written by: Zhang Meihua
2019-12-18 07:00
Last updated: 2019-12-18 07:00The sensational case of "Singapore Corruption" in Hong Kong, the former Chief Secretary for Administration, Xu Shiren, was sentenced to 7 and a half years in 2014. Because of his good behavior in prison, he was sentenced to one-third of his sentence reduction. Released from prison. Known as the "fat dragon", Xu Shiren is famous for his love of wine and food. He has spent more than 210,000 yuan to enjoy a French meal and has also tried to withdraw 10,000 yuan every other day. However, after being involved in the corruption case, his body became very thin, and "Fat Dragon" became "Skinny Dragon." He was declared bankrupt by an order of the High Court because his debt exceeded 57 million yuan. After Xu Shiren went bankrupt, he auctioned his private collection three times, including many records, famous wines and memorial seats. Xu Shiren disclosed in court that he had paid 8.5 million yuan to the Shanghai mistress to buy property and living expenses.
The case was heard in the High Court in May 2014. The picture shows the defendants (from left) Xu Shiren, Guo Bingjiang, Chen Juyuan and Guan Xiongsheng. (Profile picture)
Former Chief Secretary for Administration Xu Shiren, and former senior executive of Sun Hung Kai Real Estate Co., Ltd., and Brian Chan, and former senior vice president of the Hong Kong Stock Exchange, Guan Xiongsheng, were sentenced to prison in December 2014 for conspiracy to commit misconduct by using public office. Sentences ranged from 5 years to 7 years in June. Among them, Xu Shiren was convicted of three "misconduct by public office", one "conspiracy to commit misconduct by public office", and one "conspiracy to provide benefits to public officials" and was sentenced to 7 and a half years in prison today. Man was released from prison.
Buy more than 2 million records 8.5 million gifts `` Shanghai Primary Three ''
Among them, Xu Shiren was famous for his food and enjoyment when he was in public office. He was known as a "fat dragon". When he stepped down as director in 2007, his expenditure exceeded 7 times of public office income. During the interrogation that year, the prosecutor David Perry made a big splash in Xu Shiren ’s luxury life, including Petrus, a French restaurant at the Shangri-La Hotel, Hong Kong Island, spending $ 210,000 for a meal, and staying at The Dorchester, a top hotel in London, UK for $ 150,000. And spent 33,000 Hong Kong dollars for dinner at Nicholini's Conrad Hotel restaurant.
The prosecutor even allowed Shiren to have a very high quality of life, with "expensive and elegant taste". In addition to spending a lot on hotel projects, Xu Shiren also loves horse racing. He used to be a director of the Hong Kong Jockey Club and previously owned 8 horses with his wife Luo Meimei, Tang Yingnian and Ren Zhigang. As the owner of the horse, Xu Shiren will also buy expensive carrots and grass to raise the love foal. The cost of raising horses is huge. The expenses for raising horses in the past five years have reached 3.3 million yuan.
In addition, Xu Shiren also withdrew 10,000 yuan every other day, and even claimed that he spent more than 2 million yuan on albums in several years and spent about 7 to 8 million yuan on wine collection. In addition, Xu Shiren gave a gift of about 8.5 million Hong Kong dollars to Shen Lina, the "Shanghai Little Three", purchased thousands of square feet of property in Shanghai and Audi sports cars, and gifted valuable gifts such as handbags and watches.
Former Chief Secretary for Administration Xu Shiren was deprived of the Grand Bauhinia Medal for corruption in Xindi. (Profile picture / Photo by Yu Junliang)
Arrested after being arrested for 74 million, eventually bankruptcy
However, Xu Shiren's life of paper drunk gold fans was broken by the end of 2012. In March of the same year, the ICAC arrested former executive director Chen Juyuan of SHKP and Guan Xiongsheng, former senior vice president of the Hong Kong Stock Exchange, and arrested Xu Shiren, then co-chairman of SHKP, Guo Bingjiang and his brother Guo Binglian. The case opened in 2014. , Sentenced at the end.
From his arrest to his sentence of up to two and a half years, Xu Shiren was involved in the corruption case and has been debt-collected by a number of creditors, including East Asia, SHKP's Loyalty Finance, Standard Chartered Bank and a total of five financial institutions. Loans, credit card arrears, and overdraft loans, etc., owed more than 74 million yuan. Among them, the two overdraft loans and two credit card arrears of the Bank of East Asia alone amounted to 50 million to 60 million yuan. At that time, the government also suspended the payment of 80,000 yuan per month to Xu Shiren. After the High Court in November 2013, An order was announced to declare Xu Shiren bankrupt.
After Xu Shiren's bankruptcy, he auctioned his private collection three times. There were more than 10,000 vinyl records and laser discs, as well as Chinese paintings, handicrafts, banknotes and stamps, brand name displays, and memorial seats. As for the famous wines, except for Cognac, most of the red wines auctioned are from Bordeaux, France, and some of them are top wines, including Chateau Haut Brion in 1995 and Chateau Angelus in 1990. The batch is valued at about 100,000 yuan.
After Xu Shiren's bankruptcy, he auctioned his private collection three times. There were more than 10,000 vinyl records and laser discs, as well as Chinese paintings, handicrafts, banknotes and stamps, brand name displays, and memorial seats. (By JLA Asia)
[Xu Shiren's release from prison] The reputation of "Bridge King" and the "golden shackles" of the political arena has fallen
Xu Shiren Corruption Case Xu Shiren New Land Guo Bingjiang