Former bank chief gets suspended death sentence
4 months ago

Former bank chief gets suspended death sentence

China Daily  

Former Bank of China chairman Liu Liange received a death sentence with a two-year reprieve for accepting over 121 million yuan in bribes, a court in Jinan, Shandong province, announced on Tuesday. He was also sentenced to 10 years in prison and fined 150,000 yuan for illegally issuing 3.32 billion yuan in loans, the Jinan Intermediate People's Court said. The court found that between 2010 and 2023, Liu took advantage of his positions in the country's bank system, including as president of Export-Import Bank of China and chairman of Bank of China, to seek profits for certain individuals and departments in various matters such as loan financing, project cooperation and personnel arrangement, after accepting bribes worth more than 121 million yuan. In addition, Liu knowingly violated the law by issuing loans totaling more than 3.32 billion yuan from 2017 to 2020 to enterprises that did not meet loan issuance conditions, resulting in a principal loss of over 190 million yuan, the ruling added.

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