Former bank cheif gets suspended death sentence for bribery in china

BankingNews/ The Latest ruling in a crackdown on corrpution in the financial sector has given the former head of state backed chinese bank a suspended death senrence for taking bribes, state media said.

Chinese prisident has launched a sweeping campaign against deep-seated corruption since coming to power a decade ago. however,critics say the policy has helped him eliminatte political rivalas.

The former Chairman of china merchants bank, was sentenced to death   with a two years reprieve. After two years. the death sentence can be life imprisonment.

According to state broadcaste CCTV, Than was found guility of absuing the power of emloyees of state owned companies, trading in undisclosedinformation insider trading and leaking internal information for decades.