China Gives Ex-ICBC Banker Zhang Death Sentence With Reprieve
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China sentenced Zhang Hongli, a former banker at Industrial & Commercial Bank of China Ltd., to death with a reprieve for taking bribes, as authorities maintained their tight grip on the $67 trillion financial sector.
The banker, also known as Lee Zhang, was handed the penalty with a two-year reprieve on Wednesday at a court in Zhejiang province, China Central Television reported. All his assets will be foreclosed, it said.