China Sentences Former Senior ICBC Banker to Life for Bribery

Customers use an automated teller machine at a branch of the Industrial and Commercial Bank of China in Beijing, China, on Jan. 29, 2011. Frederic J. Brown/AFP/Getty Images

BEIJING—China sentenced Gu Guoming, a former senior banker at Industrial and Commercial Bank of China (ICBC), to life in jail after being found guilty of bribery, state media said on Aug. 12.

China’s top anti-graft body has put high-profile financial officials under increased scrutiny in recent years, with a focus on the banking sector since 2019, to halt corruption linked to high-risk loans and official appointments.