Nov 10, 2023 07:16 PM

FINANCE

Ex-President of China Merchants Bank Admits Taking $30 Million in Bribes

By Lin Jinbing and Zhang Yukun

00:00

00:00/00:00

Listen to this article 1x

Tian Huiyu, former president of China Merchants Bank, at a public trial on Nov. 9 at the Intermediate People's Court of Changde City, Hunan province. Photo: The Intermediate People's Court of Changde

Tian Huiyu, former president of China Merchants Bank, at a public trial on Nov. 9 at the Intermediate People's Court of Changde City, Hunan province. Photo: The Intermediate People's Court of Changde

Tian Huiyu, a former president of China Merchants Bank Co. Ltd. (CMB) (600036.SH), has pleaded guilty to multiple charges, including accepting more than 210 million yuan ($28.8 million) in bribes.

Tian appeared in court on Thursday to face charges of accepting the bribes in exchange for using his influence to assist with loan approvals for companies and individuals, job transfers and other matters, according to a court in central China’s Hunan province where the case was heard.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: Saudi Power Giant ACWA Bets Big on China’s Renewable Energy Market

5: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently

SPONSORED

OR