Wang Yongsheng Sentenced to 12 Years, Fined 2 Million Yuan for Accepting 23.51 Million Yuan in Bribes

Oct 21, 2024, 11:45 AM

Wang Yongsheng, the former vice president of China Development Bank, has been sentenced to 12 years in prison and fined 2 million yuan for accepting bribes. The court in Jilin City, Jilin Province, found that he had accepted bribes totaling over 23.51 million yuan, equivalent to approximately $3.31 million. This verdict was announced on October 21, 2024, as part of ongoing anti-corruption efforts in China.