scorecardresearch
Saturday, December 14, 2024
Support Our Journalism
HomeWorldFormer President of Citic Bank admits taking USD 154 mn of bribes

Former President of Citic Bank admits taking USD 154 mn of bribes

Follow Us :
Text Size:

Beijing [China], February 25 (ANI): Sun Deshun, former president of China CITIC Bank Corporation Limited, has pleaded guilty to allegations of taking USD 154.3 million in bribes, local media reported.

Deshun stood trial on Tuesday at court in east China’s Shandong Province, Xinhua news agency reported.

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

In return, Sun accepted money and gifts worth USD 154.3 million.

During the trial, prosecutors presented evidence that was, in turn, examined by the defendant and his lawyers.

In his final statement, Sun pleaded guilty and expressed remorse. Sun’s sentence will be announced at a later date. (ANI)

This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content.

Subscribe to our channels on YouTube, Telegram & WhatsApp

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

  • Tags

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular