Home » Ex-Vice-President of the largest bank in the world sentenced to death

Ex-Vice-President of the largest bank in the world sentenced to death

by alex

< IMG SRC = "https://img.tsn.ua/cted/351/tsn-13585937404EC64163C97D9647 21c31/Thumbs/1036x648/28/C8/337E712EE5111C7792D223E0B6F85C828.JPEG " />~ 60 >< strong > banker for 11 years I received bribes in the amount of 24 million US dollars. ~/p >< ~~ 60 p > in China to < strong > death penalty sentenced the former vice president of the largest bank in the world Industrial & am; Commercial Bank of China Ltd. Zhana Hunley for receiving bribes.

< p > reports Bloomberg.

< p > banker, also known as Lee Zhang, was sentenced to death with a delay for two years in the trial of the province of Zhejiang. All his assets will be seized.

< p > Zhang joined a number of other high -ranking bankers, who last year were also sentenced to death with a delay in the execution of the sentence. Hundreds of financial officials and managers came into the view of the large -scale anti -corruption campaign of Beijing, which did not demonstrate any signs of weakening since 2021. < p > < p >For the first time, China began investigation of corruption against Zhang, a former ICBC vice president, at the end of 2023. Later, in May last year, he was arrested, and in August the bribery was charged. The investigation established that Zhang received bribes worth 177 million yuan (24 million US dollars) in the period from 2011 to 2022 in exchange for assistance in issuing loans and employment of other persons. Zhang joined the ICBC, the largest bank of the world in terms of assets, in 2010 as an executive vice president from Deutsche Bank. According to state media, he became the first banker from a foreign bank hired to the highest management post in one of the state banks of China.

~ 60 > in 2018 he quit the bank for family reasons and joined the private investment company Hopu Investment Management Co. As a co -chair, as the local media reports.

< P > Zhang's work time in the ICBC partially coincided with the time of the work of Lee Xiaopeng, the former chairman and party secretary of the China Everbright Group, and the Kong Lina, the former head of the China Renaissance Holdings Ltd. Both were involved in the bribery campaign.

< p > among other financial leaders whom China sentenced to the death penalty with a delay – Liu Lyu Lyu, the former head of Bank of China Ltd., and Tien Huya, former President of China Merchants Bank Co.

< p > Recall that last year < Strong > in Vietnam the oligarch was sentenced to death for the largest fraud in the history of the country. It was the most spectacular trial that has ever taken place in Vietnam, as befits one of the largest banking frauds that have ever seen the world. < p > < h4 > similar topics:

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