China's former CDB vice president, Wang Yongsheng, sentenced to 12 years for bribery of over 23.51 million yuan, involving loans and personnel arrangements.
Wang Yongsheng, former vice president of the China Development Bank, was sentenced to 12 years in prison and fined 2 million yuan for accepting bribes exceeding 23.51 million yuan between 2010 and 2019. His illegal activities involved securing loans and facilitating personnel arrangements for personal gain. The court ordered the confiscation of his illicit assets, highlighting ongoing anti-corruption efforts in China's financial sector.
October 21, 2024
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