China Corruption: China Banking Regulator Former Vice-Chairman Cai Esheng Sentenced to Jail for Life for Receiving $57 Million in Bribes, Former China Central Bank PBOC Head of Monetary Policy Sun Guofeng Sentenced to 16 Years Jail for Receiving $2.96 Million in Bribes in Exchange for Confidential Information and Used Insider Information of Shanghai-Listed Company M&A Plan to Buy Shares & Generated $1.55 Million in Profit
3rd January 2024 | Hong Kong
China Corruption – China banking regulator former Vice-Chairman Cai Esheng had been sentenced to jail for life for receiving $57 million in bribes. Former China central bank PBOC (People’s Bank of China) Head of Monetary Policy Sun Guofeng had been sentenced to 16 years jail for receiving $2.96 million in bribes in exchange for confidential information and used insider information of Shanghai-listed company M&A plan to buy shares & generated $1.55 million in profit.
“ China Banking Regulator Former Vice-Chairman Cai Esheng Sentenced to Jail for Life for Receiving $57 Million in Bribes, Former China Central Bank PBOC Head of Monetary Policy Sun Guofeng Sentenced to 16 Years Jail for Receiving $2.96 Million in Bribes in Exchange for Confidential Information and Used Insider Information of Shanghai-Listed Company M&A Plan to Buy Shares & Generated $1.55 Million in Profit “
China Corruption: New China Life Insurance Ex-Chairman Wan Feng Sentenced to 6.5 Years Jail for Receiving $1.7 Million in Bribes, Air China Executive Director & Ex-CFO Fan Cheng under Investigation for Corruption
28th December 2023 – China Corruption – New China Life Insurance former Chairman Wan Feng had been sentenced to 6.5 years in jail for receiving $1.7 million in bribes (CNY 12 million), Air China Executive Director & former CFO Fan Cheng had been placed under investigation for corruption.
China Corruption: Shanghai Chief Prosecutor Zhang Bencai Sentenced to 13 Years Jail & Fined $560,000 for Receiving $6.7 Million of Bribes Over 16 Years, China Cinda Asset Management Vice President Zhuang Enyue under Investigation for Corruption
21st December 2023 – China Corruption – Shanghai former Chief Prosecutor Zhang Bencai had been sentenced to 13 years jail and fined $560,000 (CNY 4 million) for receiving $6.7 million of bribes (CNY 48 million) over 16 years. China Cinda Asset Management former Vice President Zhuang Enyue had been placed under investigation for corruption.
China Corruption: Ex-Inner Mongolia Official Li Jianping Sentenced to Death for $420 Million Corruption with Case Pending Appeal, Ex-Liaoning Province Police Chief Xue Heng Sentenced to 15 Years Jail for Receiving $19 Million in Bribes & Fined $880,000, Ex-China Railway Minister Sheng Guangzu Sentenced to 15 Years Jail & Fined $836,000, Ex-Head of China Development Bank Guizhou Branch Li Gang under Investigation for Corruption, Ex-Deputy Secretary of Chinese Communist Party of Xinjiang Li Pengxin under Investigation for Corruption
15th December 2023 – China Corruption – The former Inner Mongolia official Li Jianping had been sentenced to death for $420 million corruption with the case pending appeal. The former Liaoning Province Police Chief Xue Heng had been sentenced to 15 years jail for receiving $19 million in bribes & fined $880,000. The former China Railway Minister Sheng Guangzu had been sentenced to 15 years jail & fined $836,000. The former Head of China Development Bank Guizhou Branch Li Gang had been placed under investigation for corruption. The former Deputy Secretary of Chinese Communist Party of Xinjiang Li Pengxin had been placed under Investigation for corruption.
China Corruption: Shanghai Largest State-Owned Group Shanghai Industrial Investment Holdings President Zhou Jun Investigated for Corruption, Shanghai Pharmaceuticals Holding Vice-President Gu Haoliang Joins 5 Other Executives to be Investigated for Corruption, China Development Bank Vice-President Zhou Qingyu Expelled from Chinese Communist Party for Abuse of Power & Corruption with All Assets Confiscated
24th November 2023 – China Corruption – Shanghai largest state-owned group Shanghai Industrial Investment Holdings President Zhou Jun is being investigated for corruption & resigns as Chairman of Shanghai Pharmaceuticals Holding, Vice-Chairman & Chief Executive of Shanghai Industrial Holdings & Chairman of SIIC Environment Holdings. Shanghai Pharmaceuticals Holding Vice-President Gu Haoliang joins 5 other executives to be investigated for corruption. China Development Bank Vice-President Zhou Qingyu had been expelled from the Chinese Communist Party for abuse of power & corruption with all assets confiscated.
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