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Ex-Bank of China chairman gets suspended death sentence for bribery: State media

  • Former Bank of China chairman Liu Liange received a suspended death sentence on Nov 26 for bribery and illegal loan issuance, state media reported.
  • Liu is accused of accepting bribes exceeding 121 million yuan and causing losses of over 190 million yuan during his banking tenure.
  • China’s Communist Party expelled Liu in October 2023 for illegal activities, leading to his court sentence for violations involving approvals of loans exceeding 3.32 billion yuan.
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U.S. News broke the news in New York, United States on Tuesday, November 26, 2024.
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