Why couldn't we get this penalty for the Key Lay?
August 13, 2005 4:21 PM Subscribe
Death for embezzling? The former chief of the state run Bank of China, Liu Jinbao, was given a suspended death sentence for embezzling 7.72M yuan (approximately 1M USD). His assets have been seized, and it is expected that his sentence will be commuted to life in prison. As China actively seeks to lure foreign investments, including banks, this is meant to send a strong signal about corruption in the financial sector.
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