The Dalian Intermediate People’s Court sentenced former Aviation Industry Corp of China (AVIC) executive Tan Ruisong to death with a two-year reprieve on Tuesday, confiscating all his personal property. Tan confessed to taking about US$89 million in bribes and insider trading during his tenure at AVIC and its Harbin subsidiary from 1998 to 2024.
The Dalian Intermediate People’s Court handed down the sentence on Tuesday, as reported by state broadcaster CCTV on Wednesday, stating that all of Tan Ruisong’s personal property has been confiscated. Tan pleaded guilty to crimes including taking bribes, embezzlement, insider trading, and leaking confidential information from 1998 to 2024, while holding top positions at AVIC and its Harbin subsidiary. According to the report, he misappropriated about 90 million yuan in public funds from 2003 to 2010 as AVIC’s assistant general manager. He also assisted others in pursuing corporate mergers, acquisitions, and project contracts. Tan confessed to receiving bribes totaling about US$89 million. He is one of the most prominent defence sector executives investigated in President Xi Jinping’s sweeping anti-corruption campaign, which has targeted top ranks of the military-industrial complex.