Lai Xiaomin, a former Chairman of China Huarong Asset Management, one of China’s “Big Four” state-owned bad-asset managers, has been accused of taking a record 1.79 billion yuan ($258 million) of bribes over 10 years as he stood trial in Tianjin Municipality on August 10. Details presented at the court claimed that he had tons of cash stashed at his home, the 300 million yuan bank account under his mother’s name, and had more than 100 mistresses. The bribery involved in Lai Xiaomin's case took place between 2008 and 2018. He was also accused of colluding with others to illegally embezzle 25.1 million yuan in public funds from 2009 to 2018. In addition, he was accused of bigamy.