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Former Agricultural Bank of China vice president sentenced to life for taking $12.5M in bribes.
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.
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.
All his personal property will be confiscated, and he has been deprived of his political rights for life.
Lou pleaded guilty and expressed remorse during the trial.
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El ex vicepresidente del Banco Agrícola de China fue sentenciado a cadena perpetua por recibir 12.5 millones de dólares en sobornos.