New Delhi, Dec. 10 -- China executed a former executive of China Huarong International Holdings, Bai Tianhui, linked with $156 million (or 1.1 billion yuan) bribery, state broadcaster CCTV reported. Bai Tianhui, former general manager of China Huarong International Holdings (CHIH), a top state-controlled asset management firm, was executed on Tuesday morning after being found guilty of corruption.

As per the conviction charges, he was found guilty of accepting more than $156 million in bribes. He played a key role in the acquisition and financing of projects between 2014 and 2018, during which he offered favourable treatment. The recent Chinese government's intensified crackdown on corruption, particularly within its financial institutio...