China’s Former Banking Regulatory Vice-Chair Sentenced to Death with Reprieve for $70.3M Bribery Scandal
Nanjing, Jiangsu province, China – Former vice-chairman of China’s top banking regulatory body, Cai Esheng, has been handed a death sentence with a two-year reprieve for his involvement in bribery and abuse of power. The ruling by the Zhenjiang Intermediate People’s Court concludes a lengthy legal process for the 72-year-old Cai. The court found that Cai, during his tenure from 2006 to 2021, used his position to offer assistance with securing financing, loans, business contracts, …