Liu Liange, the former chairman of the Bank of China, has received a suspended death sentence from a court in Shandong province on charges of bribery and illegal loan issuance, according to reports from state media.
The suspended death sentence includes a two-year reprieve, a common practice in China's judicial system for severe corruption cases. If Liu refrains from further crimes during this probationary period, his sentence will likely be commuted to life imprisonment. However, if he violates the terms of the reprieve, the death penalty could be carried out.
Born in 1961, Liu had a long career in banking and finance, holding prominent roles at the People’s Bank of China and the Export-Import Bank of China before becoming chairman of the Bank of China in 2019. His career came to a halt in October 2022 when the Chinese Communist Party expelled him, accusing him of corruption and other illegal activities.
The case underscores China’s ongoing anti-corruption campaign, which has targeted high-ranking officials in recent years to consolidate government integrity and accountability.
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