By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: For accepting bribes, the former chief of China’s deputy central bank faces a suspended death sentence.
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > News > For accepting bribes, the former chief of China’s deputy central bank faces a suspended death sentence.
News

For accepting bribes, the former chief of China’s deputy central bank faces a suspended death sentence.

Ivy Irungu
Last updated: October 11, 2024 6:28 pm
Ivy Irungu
11 months ago
Share
SHARE

China’s former deputy central bank governor, Fan Yifei, has been sentenced to death for taking bribes with a two-year reprieve, state media said on Thursday, amid a sweeping anti-graft drive in the financial sector.
Fan was found guilty of illegally accepting property worth more than 386 million yuan, around Ksh.7 billion, for taking advantage of his senior positions at the central bank and other financial institutions, including China Construction Bank, according to the report, citing a Chinese court.

Following the two-year reprieve, Fan’s death sentence will be commuted to life imprisonment, with no possibility of commutation or parole, state media cited Huanggang Intermediate People’s Court in Hubei province as saying.
“Fan Yifei accepted bribes of an extremely large amount, the circumstances of his crimes were extremely serious, the social impact was extremely bad, and the interests of the state and the people suffered extremely heavy losses,” the court was quoted as saying.
Fan, 60, is the highest-ranking official at the People’s Bank of China to be arrested under President Xi Jinping’s anti-graft drive in the past decade, in a campaign aimed at weeding out corrupt officials in the financial sector.

READ MORE  Ten die in anti-UN demo in DR Congo's Goma

 

Boeing pleaded guilty to a criminal fraud allegation.
University of Eldoret bans cross-dressing
Moses Kuria, Alice Wahome among CSs moved as Ruto reshuffles his Cabinet
We are doing everything possible to disburse CDF funds – CS Ndung’u
Kirinyaga; Man Dies While Digging Well In Kandongu
Share This Article
Facebook Email Print
Previous Article Elon Musk introduces a robotaxi with two doors.
Next Article Kipng’eno and Muthoni are two of the top athletes for the World Cup matchup.
about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • Chelsea are planning a contract until 2031 for Xavi Simons. Personal terms are verbally agreed, with written details set to be finalised next week.
  • Liverpool finally have their new Philippe Coutinho with £100m transfer inevitable
  • RB Leipzig Close in on Harvey Elliott as Liverpool Midfielder Eyes Xavi Simons Role
  • Jay-Z officially becomes World’s richest musician with $2.5 Billion net worth
  • Mombasa blogger who was sodomised decries abandonment, says life in danger

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?