A Chinese Court Has Sentenced the Former Chairman of Beijing Automotive Group to Death and Seized His Assets on Charges of Bribery and Money Laundering.
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4 Articles
A Chinese court has sentenced the former chairman of Beijing Automotive Group to death, but suspended the sentence for two years, after finding him guilty of bribery and money laundering. All his assets have also been confiscated.
Executive Xu Heyi was convicted this Monday by a court in Beijing for bribery and money laundering. Under his command, the company grew and expanded around the world.
According to an official announcement from Beijing Municipality, Xu Heyi, former chairman of Beijing Automotive Group Co., Ltd., was sentenced to death with a two-year reprieve for bribery and money laundering. Of the tycoons who once dominated China's automotive industry, including Xu Jianyi, Xu Ping, Xu Liuping, and Xu Heyi, only Xu Ping remains alive, drawing significant attention.
On September 28, 2026, the Beijing Third Intermediate People's Court publicly pronounced judgment in the bribery and money laundering case of Xu Heyi, former Party Secretary and Chairman of Beijing Automotive Group Co., Ltd. Xu Heyi was sentenced to death with a two-year reprieve for bribery, deprived of political rights for life, and all his personal property was confiscated; he was also sentenced to two years imprisonment for money laundering …
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