Chinese banker jailed for life in US$483 million corruption case, largest ever in country’s history
The court ruled that Xu, in his role as bank chief, and his accomplices had embezzled more than 900 million yuan (US$125.4 million) in US dollars, Hong Kong dollars and German marks. Their misdeeds transpired through fraudulent loans, misappropriated loan repayments and the siphoning of bank funds to other accounts, it added. The group was … Read more
