Home » News » Former Vice Chairman of Jiangxi Provincial Political Consultative Conference Sentenced to Life Imprisonment for Participating in Virtual Currency ‘Mining’

Former Vice Chairman of Jiangxi Provincial Political Consultative Conference Sentenced to Life Imprisonment for Participating in Virtual Currency ‘Mining’

[New Tang Dynasty News, Beijing time, August 23, 2023]Xiao Yi, former member of the Jiangxi Provincial Political Consultative Conference and vice chairman, was sentenced to life imprisonment in the first instance on the 22nd. Xiao Yi was previously accused of participating in virtual currency “mining” while serving as the secretary of the Fuzhou Municipal Party Committee. “Activities, so it is called “Mining Secretary”.

On August 22, the Hangzhou Intermediate Court of Zhejiang Province issued a judgment against Xiao Yi, stating that Xiao Yi took advantage of his position from 2008 to 2021 to illegally receive more than 125 million yuan of property, of which more than 57.82 million yuan has not been actually obtained. .

The court also mentioned that from 2017 to 2021, when Xiao Yi served as the secretary of the Fuzhou Municipal Party Committee, he provided assistance to enterprises engaged in the production of virtual currency calculations, resulting in heavy losses of public property. “The circumstances are particularly serious and the impact is particularly bad.”

Xiao Yi is 61 years old this year and is from Nanchang, Jiangxi. He has been working in Jiangxi in the past.

The court did not directly name Xiao Yi for “mining” activities this time, but when Xiao Yi was “double-opened” in November 2021, the Central Commission for Discipline Inspection rarely mentioned in the circular that Xiao Yi abused his power to introduce and support companies to engage in virtual currency ” mining” activities. This expression appeared for the first time in the notification of the fallen senior officials.

“Mining” means “mining” virtual currency on the Internet, which consumes a lot of electricity, but has little contribution to employment, industrial development, and technological progress. The Beijing authorities have explicitly prohibited the development of virtual currency “mining” projects under any name.

Xiao Yi is the fourth provincial-level “tiger” investigated in Jiangxi after the 19th National Congress of the Communist Party of China. , Yin Meigen, deputy director of the Jiangxi Provincial People’s Congress, was sacked.

(Editor in charge: Wen Hui)

2023-08-23 03:38:40
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