Former China Development Bank VP faces bribery charges
He Xingxiang, a former vice president of China Development Bank, was tried Tuesday in a Beijing court on charges of taking bribes, issuing financial bills and granting loans illegally, and concealing overseas bank deposits.
He was found to have taken advantage of the multiple positions he formerly held to assist others in obtaining loans and making personnel arrangements. In return, he received money and valuables worth more than 66.36 million yuan (9.68 million U.S. dollars).
He also issued financial bills and granted a huge amount of loans in violation of state regulations, prosecutors said, adding that he concealed overseas bank deposits totalling 33.69 million yuan.
The procuratorial agency presented evidence at the trial at the Beijing No. 3 Intermediate People’s Court. He and his defense counsel cross-examined the evidence, and both sides gave their respective full accounts.
In his final statement, He pleaded guilty and expressed remorse.
- Book Review DESTINY OF A DYSFUNCTIONAL NUCLEAR STATE
- Book ReviewChina FO Presser Where is the fountainhead of jihad?
- Book ReviewNews Pak Syndrome bedevils Indo-Bangla ties
- Book Review Understanding Vedic Equality….: Book Review
- Book Review Buddhism Made Easy: Book Review
- Book ReviewNews Elegant Summary Of Krishnamurti’s teachings
- Book Review Review: Perspectives: The Timeless Way of Wisdom
- Book ReviewNews Rituals too a world of Rhythm
- Book Review Marx After Marxism
- Book Review John Updike’s Terrorist – a review
Recent Top Post
- CommentariesTop Story Mission Amritpal
- NewsTop Story Video of dancer in mosque inflames Uyghur anxieties about China’s attacks on religion
- News China’s new rural land transfer scheme sparks fears over heavy-handed enforcement
- NewsTop Story Tibetans abroad rally in support of Dalai Lama following outrage over video
- News Taiwanese publisher detained in Shanghai
- News Australian lawmakers meet with Dalai Lama, government-in-exile in northern India
- News Chinese pandemic whistleblower tried in secret, given 3-year jail term
- News Joshua Wong Sentenced in Another Hong Kong Activism Case
- News China FO Presser, Apr 17, 2023
- News China’s Repression of Uyghurs Extends Beyond Borders, Report Says