Death sentence for the president of a bank from China (1 photo)

15 November 2023

Former China CITIC Bank President Sun Deshun was sentenced to death on Friday, suspended for two years, on bribery charges.



The sentence was handed down by the Second Level People's Court of Jinan City, Shandong Province (East China).

The court found that from 2003 to 2019, Sun Deshun, using his official position in various financial institutions, provided “assistance” to enterprises in obtaining loans, and in return he received bribes in the form of cash and material assets totaling more than 979.5 million yuan/about 136.5 million US dollars/.

According to the court decision, Sun Deshun is deprived of political rights for life, and all his personal property is subject to confiscation.

The court noted that after a two-year reprieve, the sentence, in accordance with the law, can be commuted to life imprisonment without the right to a reduced sentence or parole.

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