CHINA Former head of China CITIC Bank stands trial for accepting bribes


Former head of China CITIC Bank stands trial for accepting bribes

China Daily

13:08, February 23, 2022

(File photo: China Daily)

JINAN -- Sun Deshun, former president of China CITIC Bank Corporation Limited, stood trial on Tuesday at the Intermediate People's Court of Jinan City in east China's Shandong Province for accepting bribes.

Sun was accused of taking advantage of his various former positions to illegally assist others in matters such as gaining loan approval and credit lines from 2003 to 2019.

In return, Sun accepted money and gifts worth more than 979.5 million yuan (about 154.3 million U.S. dollars).

During the trial, prosecutors presented evidence that was, in turn, examined by the defendant and his lawyers. Each side gave its own complete account.

In his final statement, Sun pleaded guilty and expressed remorse.

The trial was attended by Sun's relatives, legislators, political advisors, the press and members of the public.

Sun's sentence will be announced at a later date.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue