Official announcements from Bank of China or news reports

Former Bank of China Chairman Liu Liange Gets Suspended Death Sentence for Bribery, Illegal Loans

Nov 26, 2024, 11:01 AM

Liu Liange, the former chairman of the Bank of China, has been sentenced to death with a two-year reprieve for bribery and illegal loan issuance in a first-instance trial on November 26, 2024, by the Jinan Intermediate People's Court in Shandong Province. Between 2010 and 2023, Liu accepted over ¥121 million in bribes while aiding entities with loans. This case highlights the increased scrutiny over China's $66 trillion financial sector.