Former Bank of China Chairman Receives Suspended Death Sentence

At least three bank executives have been ensnared in the Chinese Communist Party’s sweeping anti-corruption campaign this year.

Liu Liange (L), vice-president of Export-Import Bank of China, shakes hands with Rodolphe Saade, vice-president of French container transportation and shipping company CGA-CGM, during a contract signing ceremony in Marseille, France, on July 1, 2015. Boris Horvat/AFP via Getty Images

A Chinese court on Nov. 26 handed a suspended death sentence to Liu Liange, former chairman of the state-owned Bank of China, after being found guilty of accepting bribes and granting loans illegally.

Liu’s fall from grace adds to the growing list of senior bankers and executives in China’s $66 trillion financial sector who have been ensnared in the sweeping anti-corruption campaign initiated by Chinese Communist Party (CCP) leader Xi Jinping.