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
Chloe Sims, 42, and Lionel Richie's son Miles, 29, 'SPLIT!' Couple call time on their whirlwind four
Chloe Sims and Lionel Richie's son Miles have reportedly split!The couple have called on their whirl2024-05-08Lawmakers and advocates make last
WASHINGTON (AP) — Twenty-three million families in the U.S. will have bigger internet bills starting2024-05-08Olympic refugee athlete Lohalith suspended in the team's 3rd doping case ahead of Paris Games
GENEVA (AP) — A third runner on the Refugee Olympic Team has been suspended for a positive doping te2024-05-08Former Naval officer to challenge Matt Gaetz in upcoming GOP primary
U.S. Rep. Matt Gaetz, who angered many of his Republican House colleagues with his challenges that l2024-05-08- Bad Bunny kept his highly-anticipated outfit under wraps by hiding in bed sheets earlier in the even2024-05-08
New York Knicks reserve Bojan Bogdanovic will have foot surgery and miss the rest of the playoffs
NEW YORK (AP) — New York Knicks swingman Bojan Bogdanovic will have surgery on his left foot and mis2024-05-08
atest comment