The former chairman of the Bank of China, Liu Liange has been sentenced to death with a two-year reprieve for accepting significant bribes and issuing illegal loans.
Delivering the verdict on November 26, 2024, the Jinan Intermediate People’s Court in Shandong Province, Liu was found to have taken advantage of his vatious positions at the Export-Import Bank of China and at the Bank of China and guilty of accepting bribes amounting to 121 million yuan ($16.7 million) and approving illegal loans worth 3.32 billion yuan, leading to losses exceeding 190 million yuan.
Liu sentence includes the confiscation of all personal assets and is deprived of of political rights for life and all his illegal gains must be recovered and turn over to the state treasury, a state-owned Xinbua news agency reported.
