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CHINA / Regional |
Former bank official sentenced to death for corruption(Xinhua)
Updated: 2007-09-22 16:05 CHENGDU -- Huang Jinjiang, a former bank official in southwest China's Sichuan Province, has given death sentence for accepting bribes, local court sources said on Saturday. The Ziyang City's People's Court made the first-instance trial on September 5. Huang was also deprived political rights all his life with the confiscation of all his personal assets. According to the court verdict, from 1993 to 1997, the defendant Huang took advantage of his posts as president of China Agricultural Bank's subsidiary bank of Dazhou city to seek loans for a local firm after accepting bribes. Huang accepted seven million yuan (about US$930,000). Meanwhile, Huang's three colleagues, who will be handled in a separate case, accepted and extorted bribes worth of 3.12 million yuan (about US$416,500). By now, most part of the illicit money has not been recovered. Huang's crime also resulted in losses of 700 million yuan (about US$93.3 million) in bank loans which can not be recovered. |
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