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