Banking Regulator Sentenced to Death for $70 Million Bribery Scheme
ZHENJIANG, China – Former vice-chairman of China’s top banking regulatory body, Cai Esheng, has been handed a death sentence with a two-year reprieve for accepting bribes exceeding 500 million yuan ($70.3 million) and abusing his power. The ruling by the Zhenjiang Intermediate People’s Court in Jiangsu province marks the culmination of a months-long legal saga … Read more