Market Chatter: Ex-ICBC Banker Gets Death Sentence in China's Anti-Graft Crackdown

MT Newswires Live
20 Feb

China sentenced former Industrial and Commercial Bank of China (SHA:601398) banker Zhang Hongli to death with a two-year reprieve for bribery, Xinhua News Agency reported Wednesday.

The Hangzhou Intermediate People's Court of China's Zhejiang province found that Zhang used his position to provide loan financing and other job arrangements totaling more than 177 million yuan.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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