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

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

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