Bank of China

Chinese former bank chief given life in prison for bribery

China sentenced ex-Citic Bank president Sun Deshun to life in prison for a US$134 million bribery scheme, part of President Xi’s anti-corruption campaign. Critics call it a political purge, while others see it as promoting clean governance.

Former Bank of China chairman arrested for corruption

The former chairman of the Bank of China, Liu Lian’ge, has been formally arrested for suspected corruption, as reported by state media. He is under investigation for alleged bribery and illegal loan grants.