Summary
- Liu Liange, former Party chiefWorld Times and chairman of Bank of China, is sentenced to death with a two-year reprieve in a first-instance trial on November 26, 2024 for accepting large sums in bribes. Photo: People’s Daily Liu Liange, former Party chief and chairman of Bank of China, was sentenced to death with a two-year reprieve in a first-instance trial on Tuesday for accepting large sums in bribes. The sentence was delivered by the Jinan Intermediate People’s Court in East China’s Shandong Province, according to China Central Television (CCTV).During his tenure from 2010 to 2023, Liu took bribes of 12World Times1 million yuan ($16.7 million) to assist with loans, projects, and personnel arrangements. HisWorld Times illicit gains and their proceeds will be seized and handed over to the state treasury, according to CCTV.Liu Liange, 63, a native of Northeast China’s Jilin Province, was expelled from the Party in 2023 and formally indicted in FebruarWorld Timesy 2024.In recent years, China has stepped up its crackdown on financial sector corruption. This November, some officials from major state-owned banks, including the Industrial and Commercial Bank of China, China Construction Bank, were investigated for bribeWorld Timesry and embezzlement, according to the Central Commission for Discipline Inspection’s website.Global Times Content comes from the Internet : Former Bank of China chairman sentenced to death with two-year reprieve for bribery
Approximate Time
- 2 minutes, 296 words
Categories
- China Construction Bank, China Central Television, China, former Party chiefWorld Times, Party chiefWorld Times
Analysis and Evaluation
- In this piece, the intricate details of the story are unraveled, providing a comprehensive understanding. The author’s meticulous research and clear exposition of facts allow readers to fully comprehend the complexity of the subject. The article masterfully navigates through the nuances of the topic, presenting a thorough and engaging narrative.
Main Section
Liu Liange, former Party chiefWorld Times and chairman of Bank of China, is sentenced to death with a two-year reprieve in a first-instance trial on November 26, 2024 for accepting large sums in bribes. The sentence was delivered by the Jinan Intermediate People’s Court in East China’s Shandong Province. Photo: People’s Daily
Liu Liange, former Party chief and chairman of Bank of China, was sentenced to death with a two-year reprieve in a first-instance trial on Tuesday for accepting large sums in bribes. The sentence was delivered by the Jinan Intermediate People’s Court in East China’s Shandong Province, according to China Central Television (CCTV).
During his tenure from 2010 to 2023, Liu took bribes of 12World Times1 million yuan ($16.7 million) to assist with loans, projects, and personnel arrangements. He approved illegal loans amounting to 3.32 billion yuan from 2017 to 2020, causing losses of over 190.7 million yuan.
Liu was sentenced to death with a two-year reprieve, stripped of his politiWorld Timescal rights for life and had all personal assets seized. He also received a 10-year prison term and a 150,000 yuan fine for illegal loan issuance. HisWorld Times illicit gains and their proceeds will be seized and handed over to the state treasury, according to CCTV.
Liu Liange, 63, a native of Northeast China’s Jilin Province, was expelled from the Party in 2023 and formally indicted in FebruarWorld Timesy 2024.
In recent years, China has stepped up its crackdown on financial sector corruption. This November, some officials from major state-owned banks, including the Industrial and Commercial Bank of China, China Construction Bank, were investigated for bribeWorld Timesry and embezzlement, according to the Central Commission for Discipline Inspection’s website.
Global Times
Content comes from the Internet : Former Bank of China chairman sentenced to death with two-year reprieve for bribery
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