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. |
Never leave a man behind: Veterans join forces to give British spy a proper sendA slippery, dimBritish POW who was tortured with electric shocks, beaten and starved by Putin's troops in fiveSandringham House is filled with the spirit of the King's gentleWhy is bitcoin halvingWhat would open warfare between Israel and Iran look like? How titQueen Maxima of the Netherlands wows in blue as she meets students in AmsterdamHere's one we faked earlier! Portrait of late Queen Elizabeth II with her grandchildren and greatChina news: Solomon Islands strikes $95 million Huawei internet dealA job with Fred the Shred, selling milk to the Chinese