Page 254 - சீனா பத்திரங்கள் ஒழுங்குமுறை தரகு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Former Chairman of China Development Bank Sentenced to Life in Prison for Graft A Chinese court has sentenced Hu Huaibang, the former chairman of China Development Bank (CDB), to life in prison on bribery-related crimes. He is the second high-profile financial executive to be sentenced this week. The Intermediate People’s Court of Chengde city, in China’s Hebei Province, handed down the sentence on Jan. 7. Hu’s personal property will also be confiscated by authorities. Hu, who was arrested last February, was convicted of receiving bribes totaling 85.52 million yuan ($13.24 million) between 2009 and 2019, the court said in a statement on its official WeChat account. Hu is accused of giving preferential treatment to businesses and individuals in the form of bank loans, business operations, and job promotions in exchange for bribes.

Xiang junboXue yingjuanLiu shiyuLai xiaominChina development bankChina central bankPeople courtAdministration of foreign exchangeChinese communist partyChina banking regulatory commissionCommission for discipline inspectionChina investment corporationAgricultural bankChina securities regulatory commissionInsurance regulatory commissionIntermediate people