Former chairman of state-owned bank China Everbright Group jailed for 12 years for corruption

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Former chairman of state-owned bank China Everbright Group jailed for 12 years for corruption
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A former chairman of the state-owned bank China Everbright Group was jailed 12 years for embezzlement and bribery, official broadcaster CCTV said Tuesday.

Tang Shuangning, then chairman of China Everbright Group and Everbright Securities Co., talks to the press after the IPO for Everbright Securities at Shanghai Stock Exchange in Shanghai, China on Aug. 18, 2009.

Other former officials caught up in the crackdown include Liu Liange, a former chairman of the Bank of China; former Chinese central bank senior official Sun Guofeng; former president of state-owned China CITIC Bank Sun Deshun; and Zhang Hongli, a former senior executive of the state-owned Industrial and Commercial Bank of China.The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop.

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