Former China Banking Regulatory Commission Vice Chairman Sentenced to Death with Two-Year Reprieve for $80 Million in Bribes and Abuse of Power

Zhenjiang, Jiangsu, China – Former vice chairman of the now-defunct China Banking Regulatory Commission (CBRC), Cai Esheng, has been sentenced to death with a two-year reprieve for accepting over 517 million yuan in bribes and for abusing his power, a court announced on Friday. The punishment could be commuted to life in prison if Cai … Read more