Former China Development Bank VP faces bribery charges
![Former China Development Bank VP faces bribery charges](https://southasiantribune.com/wp-content/uploads/2020/11/SAT.png)
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 Shelf
-
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
-
Commentaries Impasse over BRI Projects in Nepal
-
CommentariesNews Yet another Musical Chairs in Kathmandu
-
CommentariesTop Story Spurt in Anti-India Activities in Canada
-
NewsTop Story Nepal: Political Stability Under Threat Again
-
NewsTop Story Accountability Tryst With 2024 Ballot….
-
NewsTop Story What Would “Total Victory” Mean in Gaza?
-
CommentariesTop Story The Occupation of Territory in War
-
CommentariesTop Story Pakistan: Infighting in ruling elite intensifies following shock election result
-
CommentariesTop Story Proforma Polls in Pakistan Today
-
CommentariesTop Story Global South Dithering Away from BRI
-
AdSense code