Ex-official pleads guilty to accepting large bribes

Bai Xiangqun, former vice-chairman of the Inner Mongolia autonomous region, pleaded guilty in court on Thursday in Liaoning province to taking bribes, insider trading and leaking of insider information.

Prosecutors accused him of taking advantage of his various positions to help departments and individuals in coal resource allocation, real estate projects, construction contracting and promotions from 1999 to 2018. In turn, Bai solicited and accepted money and property worth a total of 85.2 million yuan ($12.6 million).

Prosecutors said Bai used his positions as Party chief of Wuhai city and Xiliin Gol League to illegally transfer public property valued at more than 7.1 million yuan to himself five times from 2008 to 2012.