Former China deputy central bank head gets suspended death sentence for taking bribes ...Middle East

BEIJING: China’s former deputy central bank governor, Fan Yifei, has been sentenced to death for taking bribes with a two-year reprieve, state media said on Thursday, amid a sweeping anti-graft drive in the financial sector.Fan was found guilty of illegally accepting property worth more than 386 million yuan ($54.55 million), taking advantage of his senior positions at the central bank and other financial institutions, including China Construction Bank, according to the report, citing a Chinese court.Following the two-year reprieve, Fan’s death sentence will be commuted to life imprisonment, with no possibility of commutation or parole, state media cited Huanggang Intermediate People’s Court

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Last updated : 10 October 2024 clock 05:16 PM

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Former China deputy central bank head gets suspended death sentence for taking bribes ...Middle East

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