Fan Yifei is the highest-ranking executive in China’s financial sector who has been arrested during an anti-corruption program launched by President Xi Jinping.
Former Vice Governor of the People’s Bank of China Fan Yifei60, has been sentenced to death for taking bribes.
According to the court, Fan had accepted property for more than 386 million yuan (50 million euros), abusing his high position and power.
According to Chinese state media, the execution of Fan’s death sentence is to be postponed for two years. The sentence is then commuted to life imprisonment without the possibility of parole.
– Fan Yifei received extremely large bribes. The circumstances of his crimes were extremely serious, their social effects extremely bad. The interests of the state and the people also suffer extremely heavy losses, the court is reported to have said.
Fan, who came under investigation in 2022 and was later expelled from the country’s ruling party, is the highest-ranking leader of China’s economic sector, who is the arrested president Xi Jinping during the anti-corruption program launched by
Source: Reuters