Ex-Bank of China Chairman Sentenced to Death With Reprieve
- Liu Liange found to have accepted $17 million in bribes: CCTV
- Penalty underscores heightened scrutiny over financial sector
Liu Liange
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China handed a suspended death sentence to former Bank of China Ltd. Chairman Liu Liange over bribery, marking heightened scrutiny over the nation’s $66 trillion financial sector.
Liu’s penalty carries a two-year reprieve and all his assets will be seized, state broadcaster China Central Television reported Tuesday. The sentence means he could be spared execution if he behaves during the period.