[Epoch Times, June 16, 2021]The details of the corruption of Yan Feng, the former president of the Rugao Port sub-branch of Nantong Branch, Wuxi Rural Commercial Bank, Jiangsu Province, were exposed by the government. He ransacked more than 10 million yuan (RMB, the same below) and consumed monthly Hundreds of thousands. Going to a nightclub can cost 50,000 to 60,000 a night. It feels like you can’t get out without driving a luxury car-he’s a “ho” president who spends his money. The corruption clues involved ICBC, Bank of Nanjing and Everbright Bank.
In July 2020, Yan Feng was sentenced to 9 years in prison for the crime of bribery of non-state employees.
On June 16 this year, the official website of the CPC Central Commission for Discipline Inspection revealed the details of Yan Feng’s corruption. It is said that from 2015 to 2019, he lived a life of spending money.
After graduating from University, Yan Feng first entered Nantong Industrial and Commercial Bank of China to work. At that time, Yan Feng encountered Que Hongbiao who changed his destiny (to be dealt with in another case). At that time, Que Hongbiao was the head of the personal loan section of Nantong ICBC. Under his support, Yan Feng was quickly transferred to a credit position. Because of the power of credit approval, real estate agents and real estate agents often invite Que Hongbiao to eat and drink, and Que Hongbiao always brings Yan Feng with him every time. Sometimes the two of them arrange their evening “activities” in the morning shift. It is not enough to drink after three rounds, and then go to KTV to sing until they return home after closing. Over time, it becomes the normal state of life.
In 2011, Yan Feng moved to the Nantong branch of the Bank of Nanjing to work. During this period, he often followed the bosses to eat and drink and enjoy the extravagant life of spending money.
In March 2015, the Nantong Branch of the Bank of Nanjing issued a new policy for financing through an off-site government platform. At this time, Yan Feng met Yao Liyuan, who was the deputy director of the Xinyang Economic Zone Management Committee of Yancheng City at the time (a separate case was handled). The two hit it off and charged a certain percentage of consulting service fees while lending. From August 2015 to July 2017, Yan Feng and others collected a total of 7 consulting service fees in Xinyang Economic Zone, totaling 16.56 million yuan, and Yan Feng received more than 7.56 million yuan.
At the beginning of 2017, Yan Feng moved to the Nantong branch of China Everbright Bank. He quickly contacted Yao Liyuan and asked him to help absorb the savings. From 2017 to 2019, Yan Feng successively collected more than 4.68 million yuan from government financing platforms in Yancheng Xinyang Economic Zone, Nantong Xitong Science and Technology Industrial Park and other places through off-bank discounts.
“Every day I feel like I can’t get out without wearing a famous brand or driving a luxury car…” Yan Feng claimed.
Money comes quickly and goes faster. Yan Feng has several hundred thousand yuan in consumption bills every month. Sometimes he can spend five to six thousand yuan in a night when he goes to a nightclub. In this regard, Yan Feng believes that if there is no money to spend, it is a big deal to do a few off-bank discounting business.
On May 9, 2019, Yao Liyuan was investigated, which made Yan Feng uneasy. In the following twenty days, Yan Feng and related personnel met several times to discuss countermeasures.
In June 2019, Yan Feng surrendered and was taken to the Hai’an Municipal Commission for Discipline Inspection for investigation on June 14.
Local officials had previously notified that Yan Feng was born in the 1980s. In July 2005, he served as the corporate account manager of ICBC Nantong Gangzha Sub-branch; in November 2011, he served as the account manager of Business Development I of Nantong Branch of Bank of Nanjing; in September 2017, he served as the corporate account manager of Nantong Branch of Everbright Bank, and the company’s second department. Assistant to the general manager; in February 2019, he served as the president of the Rugao Port Sub-branch of Nantong Branch of Wuxi Rural Commercial Bank (acting on his behalf), and actually served as the team leader of the company’s five projects.
According to the report, during Yan Feng’s tenure, he spent every night singing and spending money. He changed three cars, Touareg, Land Rover, and Da Ben, each of which was a luxury car worth hundreds of thousands or even over a million; , Indulgent sensuality is extremely crazy. As of the incident, Yan Feng had collected a total of more than 10.14 million yuan in consulting service fees in violation of regulations.
Some netizens said in a post that Yan Feng was just the president of a local bank branch, so he was so “ho”. The banks in mainland China were too dark, all kinds of illegal operations occurred frequently, and the so-called supervision was seriously lacking, so the banking industry was corrupt. The water is deep. “This kind of spending money is standard for them, and it is nothing for them to spend 50,000 or 60,000 a night.”
Editor in charge: Fang Ming#
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