CBRC to wipe out bribery
By Zhang Lu (China Daily)Updated: 2007-01-31 09:40
China Everbright Bank: The former vice-president of the bank's Heilongjiang branch Chen Hongbo, took 1.8 million yuan ($230,700) in bribes from 1999 to 2003. He was sentenced to 10 years in prison in February 2006.
Bank of Tokyo-Mitsubishi UFJ: Former general manager of the Shanghai branch of the bank's computer department Cao Yunkan accepted 59,000 yuan ($7,500) from the company building its IT network project in 2005. Cao was sentenced to one year, with a one-year suspension.
Cao's case was the only one involving overseas invested banks last year.
(China Daily 01/31/2007 page3)
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