Former Bank of China Chairman Sentenced to Death for Bribery

Liu Liange, the former chairman of the Bank of China, has been sentenced to death with a two-year suspension for accepting bribes and approving illegal loans.

A court in Jinan, Shandong Province, found Liu guilty of taking over 121 million yuan ($16.8 million) in bribes. He also helped unqualified companies get loans worth 3.32 billion yuan, causing a loss of over 190 million yuan ($27 million).

According to the Xinhua news agency, Liu used his powerful positions at the Export-Import Bank of China and the Bank of China to provide illegal favors. In return, he received bribes for helping with loans, project approvals, and job arrangements.

As part of the punishment, Liu has lost all political rights for life, and all his personal property will be confiscated. The court also ordered that the illegal money he gained should be returned to the government.

This sentence showcases China’s strict crackdown on corruption among high-ranking officials.