Banking

China Sentences Ex-Vice Chairman of Banking Regulator to Death with Two-Year Reprieve Sends Shockwaves through Financial World

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Beijing, China. The former vice chairman of China’s banking regulator has been sentenced to death with a two-year reprieve for accepting bribes. The court’s decision comes as part of a wide-ranging anti-corruption campaign in the country. This sentencing highlights the Chinese government’s efforts to crack down on corruption within its financial industry. The ex-vice chairman … Read more

Banking Regulator Sentenced to Death with Reprieve for $70 Million Bribery Scandal

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Zhenjiang, China – A former vice-chairman of China’s top banking regulatory body, Cai Esheng, has received a death sentence with a two-year reprieve for accepting bribes of over 500 million yuan ($70.3 million) and abusing his power. The decision, made by the Zhenjiang Intermediate People’s Court in Jiangsu province, comes after a lengthy legal process … Read more

Corruption in Banking: Former China Regulatory Vice Chairman Sentenced to Death for $80 Million Bribery Scandal

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Zhenjiang, Jiangsu – Cai Esheng, a former vice chairman of the China Banking Regulatory Commission (CBRC), has been sentenced to death with a two-year reprieve for accepting over 517 million yuan ($80 million in 2021) in bribes and abusing his power. The court in Zhenjiang city, Jiangsu province, announced the sentence on Friday. If Cai … Read more