Ex-Bank of China chief receives suspended death sentence for bribery
Liu Liange, the former chairman of the Bank of China, has received a suspended death sentence due to corruption charges, according to Xinhua. Read Full Article at RT.com.
TroibNews 
Liu Liange, the former chairman of the Bank of China, has been handed a suspended death sentence for corruption, as reported by Xinhua News Agency on Tuesday. This ruling is part of Beijing's broader anti-corruption initiatives.
Liu, who held the chairman position for four years until his resignation in March 2023, received the death sentence with a two-year reprieve for accepting bribes totaling nearly $17 million and for illicitly issuing loans, according to Xinhua.
He announced his resignation weeks before authorities disclosed that he was facing corruption charges, and he was subsequently arrested in October of the previous year.
As per Tuesday’s ruling, all of Liu’s personal assets will be confiscated, and he must return all illegal earnings to the state treasury.
The two-year reprieve indicates that the death sentence will be enforced only if Liu commits further offenses during that timeframe, as noted by Reuters. If the reprieve is granted, the 63-year-old will serve a life sentence.
Liu's death sentence is suspended due to his cooperation with investigations, assistance in recovering most of the embezzled funds, and expressions of remorse, according to Reuters.
He is among the latest high-profile individuals to receive such a sentence as part of the extensive anti-corruption campaign mandated by President Xi Jinping, which targets the nation’s $60 trillion financial sector.
In October, former deputy central bank governor Fan Yifei was similarly sentenced to death for bribery, also with a two-year reprieve. Additionally, in May, Bai Tianhui, a former executive at one of the largest state-controlled asset management firms, was sentenced to death for accepting bribes amounting to nearly $152 million.
Xi has prioritized the fight against corruption since assuming the presidency a decade ago. While this campaign has garnered significant public backing, critics argue that it serves to enable the president to consolidate power by replacing adversaries with loyal supporters in strategic positions.
Debra A Smith for TROIB News
Liu, who held the chairman position for four years until his resignation in March 2023, received the death sentence with a two-year reprieve for accepting bribes totaling nearly $17 million and for illicitly issuing loans, according to Xinhua.
He announced his resignation weeks before authorities disclosed that he was facing corruption charges, and he was subsequently arrested in October of the previous year.
As per Tuesday’s ruling, all of Liu’s personal assets will be confiscated, and he must return all illegal earnings to the state treasury.
The two-year reprieve indicates that the death sentence will be enforced only if Liu commits further offenses during that timeframe, as noted by Reuters. If the reprieve is granted, the 63-year-old will serve a life sentence.
Liu's death sentence is suspended due to his cooperation with investigations, assistance in recovering most of the embezzled funds, and expressions of remorse, according to Reuters.
He is among the latest high-profile individuals to receive such a sentence as part of the extensive anti-corruption campaign mandated by President Xi Jinping, which targets the nation’s $60 trillion financial sector.
In October, former deputy central bank governor Fan Yifei was similarly sentenced to death for bribery, also with a two-year reprieve. Additionally, in May, Bai Tianhui, a former executive at one of the largest state-controlled asset management firms, was sentenced to death for accepting bribes amounting to nearly $152 million.
Xi has prioritized the fight against corruption since assuming the presidency a decade ago. While this campaign has garnered significant public backing, critics argue that it serves to enable the president to consolidate power by replacing adversaries with loyal supporters in strategic positions.
Debra A Smith for TROIB News
