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Economic news

China Everbright Group former chairman jailed 12 years for corruption, bribery

12/10/2024

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2024.12.10 04:35

BEIJING (Reuters) – China Everbright (OTC:) Group’s former chairman Tang Shuangning was sentenced to 12 years in prison for corruption, bribery, and abusing his position for personal gains, state broadcaster CCTV said on Tuesday.

Tang was arrested on suspicion of taking bribes in January, in an intensified campaign aimed at weeding out corrupt officials in the financial sector.

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12/10/2024

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