Bank of China S'pore Branch

cunnosieur

Alfrescian
Loyal
Joined
Jul 29, 2008
Messages
2,615
Points
0
The former head of the Bank of China in Hong Kong has been accused of spending almost £300,000 on plastic surgery for his mistress, in the latest of a series of sex scandals exposed in the state-run media.

Liu Jinbao is said to have confessed that he wanted to make his mistress look more like his high-school sweetheart, from whose rejection he never recovered.

The leaking of court records relating to his conviction for corruption comes as a string of senior figures from the Communist Party and big business fall victim to a nationwide purge, centred on Shanghai.

The charges have mainly been embezzlement, illegal loans and cronyism, but newspapers and websites are running ever wilder stories of officials' love lives.

The purge began with the vice-mayor of Beijing, who was exposed for corruption involving Olympic Games-related developments but was also found to be keeping concubines in a luxury villa.

Liu, 54, the latest figure to be "outed", used to be known for having become head of the Bank of China in Shanghai at the relatively young age of 40. He was then promoted to chief executive of the bank's subsidiary in Hong Kong, and finally made deputy chairman of the parent company in Beijing, before being implicated in a real estate scandal in Shanghai.

His trial last year, where he received a suspended death sentence, was not held in public, but a specialist legal paper claims to have been leaked court documents.

Liu's main offences were the near-£2 million he got in bribes, and the millions in illegal loans he approved to businessmen in return.

But the details of his relationship with a propaganda officer in the Shanghai branch portrayed a banking "big fish" who never outgrew a schoolboy crush on a girl called "Chen Chen" who ripped up his first love letter.

c94b22c3125ef244


When he introduced his "secretary" to old school friends over dinner, they immediately noticed a similarity to Chen Chen, he allegedly confessed.To make her perfect, he sent her to cosmetic surgery clinics in Hong Kong, Singapore, South Korea and Britain, armed with a photograph of Chen Chen.

Source: The Daily Telegraph, 21 November 2006.

be5fc6cf0bb45ec6


180px-Bankofchina-sg.JPG


images
 
Wang Xuebing, former president of the Bank of China and China Construction Bank, has been expelled from the Communist Party of China (CPC) on charges of taking bribes, leading a decadent life and breaking financial rules.

Mr Wang was formerly head of the Bank of China and China Construction Bank, two of the country’s big four state-owned banks. When he was expelled from the Communist party in November last year, the official Chinese media said he had received bribes worth Rmb2.28m (US$341,000) and numerous improper gifts, including 17 "luxury watches." He was also accused of leading a "decadent life", including sleeping with prostitutes in Hong Kong and in three mainland cities.
He is one of three high-ranked Chinese financiers with experience and clout in global markets who have been removed from their positions for corruption in recent years.

The charges were made by the Central Commission for Discipline Inspection (CCDI) of the CPC, which held its Eighth Plenary Session in Beijing from Nov. 4 to 5.

Wang was an alternate member of the 15th Central Committee of the CPC. According to a communique adopted by the just-concluded Seventh Plenary Session of the 15th CPC Central Committee, Wang Xuebing was expelled from the Communist Party.

77a239de18bcb968

CCDI said in a report submitted to the Seventh Plenary Session that Wang had embezzled and taken bribes and expensive gifts to the tune of millions of yuan, that he had led a decadent life, and that he broke financial rules with severe consequences when he was general manager of the New York branch of the Bank of China and president of the Bank of China.

Wang's case has been turned over to China's judicial departments for investigation and prosecution.

IMG_0047.JPG


http://english.peopledaily.com.cn/20...6_106322.shtml
 
Back
Top