Crime
Former chairman of top bank sentenced to death
A former chairman of Hengfeng Bank Co., has been sentenced to death by a Chinese court for making illegal gains of over $100 million.
Bloomberg reports that Yantai Intermediate People’s Court gave the ruling.
Jiang Xiyun was convicted for moving 754 million yuan ($108 million) worth of Hangfeng shares to his personal account between 2008 and 2013.
He was also found guilty of taking bribes of more than 60 million yuan together with another bank executive.
The sentence, however, carries a two-year reprieve. It may be commuted to a life sentence if the person shows good behavior within the allotted period
-
Business6 days agoCBN targets $12bn annual Diaspora inflows to boost FX liquidity
-
Business6 days agoSEC launches nationwide campaign to help investors recover unclaimed dividends
-
Business5 days agoNigerian AI researcher champions ethical artificial intelligence at COPA AI 2026 summit in Wales
-
Latest1 week agoKwankwaso calls for renewed North–South-East Political alliance ahead of 2027
-
Business6 days agoCBN launches real-time FX tracker for BDCs, tightens oversight of FX market
-
Football4 days agoMessi calls Lamine Yamal World Cup final clash ‘Crazy’ after viral baby photo resurfaces
-
Business6 days agoFood prices now biggest threat to inflation, beyond CBN’s reach – Analysts
-
Politics1 week agoAppeal Court reserves judgment in case seeking deregistration of ADC, four other political parties