Former Vice President of Agricultural Bank of China Arrested on Bribery Charges
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Beijing, Dec 13 (NationPress) Lou Wenlong, a former Vice President of the Agricultural Bank of China, has been arrested on suspicion of bribery, the Supreme People's Procuratorate (SPP) announced on Friday.
The Fujian Provincial People's Procuratorate has ordered the arrest of Lou, who also served as a former member of the bank's Party committee, according to a statement from the SPP.
The matter was referred to the prosecutors for review and potential prosecution after an investigation by the National Commission of Supervision, the SPP reported, according to Xinhua news agency.
Lou was expelled from the Party, as indicated in an official announcement made last month.
In a separate development, on December 11, a public prosecution was launched against Li Pengxin, the former Deputy Secretary of the Xinjiang Uygur Autonomous Regional Committee of the Communist Party of China, on charges of accepting bribes, as revealed by the SPP.
The Baoji Municipal People's Procuratorate in Shaanxi Province initiated the case with the city's intermediate people's court following an investigation by the National Commission of Supervision.
Prosecutors claimed that Li exploited his positions in Qinghai, Inner Mongolia, and Xinjiang to gain advantages for others in return for a substantial amount of bribes, according to the SPP.
Tang Shuangning, the former chairman of China Everbright Group, was also sentenced to 12 years in prison for embezzlement and accepting bribes, as per a verdict delivered in Hebei Province on December 10.
Tang was fined 1.3 million yuan (approximately 181,000 US dollars), with the embezzled funds and his illicit gains slated to be returned to the victims or transferred to the state treasury, as stated in the ruling of the Intermediate People's Court of Tangshan, Hebei.
An inquiry into Tang disclosed that in April 2003, he leveraged his role at the People's Bank of China to misappropriate public property valued at around 3 million yuan.
Furthermore, he was found to have exploited various positions from 2000 to 2017, illegally receiving over 11 million yuan in cash and valuables in exchange for benefits to others.
Considering that Tang had voluntarily surrendered and cooperated throughout the legal process, the court granted him leniency.
