 |
Liu Liange, the former chairman of the Bank of China, has been handed a suspended death sentence by a court in Shandong province for charges of bribery and illegal loan issuance, according to state media reports.
The court issued a death sentence with a two-year reprieve, meaning the punishment will be carried out only if Liu commits further crimes during the probationary period. If he complies, the sentence will be commuted to life imprisonment.
Born in 1961, Liu had a long career in banking and finance, holding prominent roles at the People’s Bank of China and the Export-Import Bank of China before becoming chairman of the Bank of China in 2019. His career came to a halt in October 2022 when the Chinese Communist Party expelled him, accusing him of corruption and other illegal activities.
The case underscores China’s ongoing anti-corruption campaign, which has targeted high-ranking officials in recent years to consolidate government integrity and accountability.