Former Bank of China Chairman, Liu Liange has been sentenced to death with a two-year reprieve for accepting significant bribes and issuing illegal loans.
The Jinan Intermediate People’s Court in Shandong Province delivered the verdict on November 26, 2024.
Liu was found guilty of taking bribes amounting to 121 million yuan (approximately $16.7 million) and approving illegal loans worth 3.32 billion yuan, leading to losses exceeding 190 million yuan.
His sentence includes the confiscation of all personal assets and a lifetime deprivation of political rights.
The court’s ruling includes the confiscation of all Liu’s personal assets and permanent deprivation of his political rights. A death sentence with a two-year reprieve in China typically means the penalty may be commuted to life imprisonment if no further offenses are committed during the reprieve period.
This severe punishment underscores China’s ongoing crackdown on corruption, especially within influential financial and political institutions.
