Former Bank of China Chairman Indicted on Bribery Charges

Liu Liange faces charges in a high-profile case as part of China's ongoing anti-corruption campaign led by Xi Jinping.

Liu Liange, the former chairman of the Bank of China, has been indicted on bribery charges, marking a significant development in China's extensive anti-corruption efforts.
Accusations include exploiting positions for personal gain, making unauthorized loans, and violating regulations, leading to substantial financial losses.
The indictment is part of a broader crackdown that has seen numerous business and government officials charged, reflecting the campaign's popularity and its role in sidelining political rivals.
Convictions in such cases are almost certain, with previous sentences ranging from long prison terms to the death penalty for similar offenses.
Xi Jinping has called for continued efforts in the anti-corruption campaign, describing the situation as 'grave and complex.'