Death Sentence for Former Bank Governor Fan Yifei

Fan Yifei, former deputy governor of China's central bank, has received a death sentence, suspended for two years, for accepting over 386 million yuan in bribes. State media reports detail the court decision and the substantial amount involved. This underscores China's continued efforts to combat corruption.

In a significant legal development, China's former deputy central bank governor, Fan Yifei, has been handed a death sentence, suspended for two years, on charges of corruption.

Fan faced allegations of illegally accepting property valued at more than 386 million yuan, approximately $54.55 million, according to state media reports citing a Chinese court verdict.

This case highlights the Chinese government's ongoing crackdown on corruption within its financial sectors, serving as a stark reminder of the severe consequences faced by public officials found guilty of such crimes.

(With inputs from agencies.)