Fan Yifei, a former vice governor of the People's Bank of China, was tried on Thursday at a court in Huanggang, central China's Hubei Province, on charges of taking bribes worth over 386 million yuan (about 54.35 million U.S. dollars). According to the prosecutors, Fan took advantage of his various positions, including vice governor of the central bank, vice president of China Investment Corporation, and vice president of China Construction Bank, to benefit organizations and individuals regarding loans, financing, project contracting, and job transfer between 1993 and 2022. The prosecutors, the defendant, and his lawyers cross-examined the evidence and gave their respective accounts, according to a court statement. In his final statement, Fan pleaded guilty and expressed remorse. The trial was attended by more than 40 people, including lawmakers, political advisors, and members of the public. The verdict will be announced in due course. |
Moment car almost smashes into a horse as police release footage of heartI'm an American living in the UKDo bears, wolves and lynx live in your favourite holiday hotspot? InFascinating video goes inside old Boeing 737 plane that has been transformed into a luxury cliffWant late snow? Then aim high! Warm winters are melting slopesFormer Trump Organization CFO Allen Weisselberg sentenced for perjuryMy six nights in the Loire... for the price of a bottle of Sancerre: Here's how the homeTrump posts $175 million bond in New York fraud caseREVEALED: The VERY strict 'decorum rules' that passengers aboard NUDE cruise have to followThe ultimate guide to 101 FREE Easter treats taking place across Britain