Former Chinese bank official stands trial for bribery
Fan Yifei, a former vice governor of the People's Bank of China, was tried on Thursday at a court in Huanggang, central China's Hubei Province, on charges of taking bribes worth over 386 million yuan (about 54.35 million U.S. dollars).
According to the prosecutors, Fan took advantage of his various positions, including vice governor of the central bank, vice president of China Investment Corporation, and vice president of China Construction Bank, to benefit organizations and individuals regarding loans, financing, project contracting, and job transfer between 1993 and 2022.
The prosecutors, the defendant, and his lawyers cross-examined the evidence and gave their respective accounts, according to a court statement.
In his final statement, Fan pleaded guilty and expressed remorse.
The trial was attended by more than 40 people, including lawmakers, political advisors, and members of the public.
The verdict will be announced in due course.
Related articles
Cardinals catcher Willson Contreras breaks left forearm when hit by J.D. Martinez's bat
ST. LOUIS (AP) — Cardinals catcher Willson Contreras broke his left forearm when he was hit by a swi2024-05-09Nurse hat trick helps Toronto clinch top
ELMONT, N.Y. (AP) — Sarah Nurse scored two goals in the first period and finished with her first car2024-05-09- PARIS (AP) — Paris Saint-Germain produced one of the most dominant seasons in the history of the Fre2024-05-09
Experts caution against underestimating 'indolent tumors'
Health experts have warned against underestimating the risks of "indolent tumors" as China2024-05-09Maria Sharapova wows in neon tennis
Maria Sharapova wowed in a tennis ball-hued neon dress as she attended the 2024 Met Gala in NYC on M2024-05-09Arsenal survives scare at Tottenham and extends lead at the top to four points
Arsenal survived a late scare at Tottenham to stay ahead in the race for the Premier League title on2024-05-09
atest comment