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flag Former Agricultural Bank of China vice president sentenced to life for taking $12.5M in bribes.

flag Former Agricultural Bank of China vice president, Lou Wenlong, has been sentenced to life in prison for accepting bribes worth over 84.51 million yuan. flag The Quanzhou court found Lou guilty of using his positions at the bank and the China Banking Regulatory Commission to secure regulatory approvals, financing, and loans in exchange for bribes. flag All his personal property will be confiscated, and he has been deprived of his political rights for life. flag Lou pleaded guilty and expressed remorse during the trial.

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