Former BOC Chief Charged for Bribery, Illegal Loan Issuance

What’s new: Liu Liange, a former chairman of the Bank of China Ltd., has been charged with accepting bribes and illegally granting loans, joining a growing list of financial veterans falling from grace in Beijing’s anti-corruption crackdown.

Prosecutors accused Liu of taking “huge amounts of” bribes from individuals or businesses in exchange for promotion and financing favors during his tenure at the BOC and at the Export–Import Bank of China (Exim Bank).