Former Bank of China Chairman Liu Liange has been sentenced to death with a two-year reprieve for accepting substantial bribes and approving illegal loans.
The verdict was delivered on November 26, 2024, by the Jinan Intermediate People’s Court in Shandong Province. Liu was found guilty of accepting bribes totaling 121 million yuan (approximately $16.7 million) and authorizing illegal loans worth 3.32 billion yuan, which resulted in losses exceeding 190 million yuan.
The court also ordered the confiscation of all of Liu’s personal assets and imposed a lifetime deprivation of his political rights.
In China, a death sentence with a two-year reprieve is often commuted to life imprisonment, provided the individual commits no further offenses during the reprieve period.
This verdict highlights China’s intensified efforts to combat corruption, particularly within its financial and political sectors.
