Serious Anti-Corruption Movement, Banking In China Imprisoned To Death Penalty

Legal illustration (Photo: Unsplash)

JAKARTA - China is seriously investigating corruption cases against former bankers in the country. This was done amid the anti-corruption movement carried out by President Xi Jinping's administration in the financial sector.

Citing CNBCIdoneseia, one of the suspected bankers is Li Jiping, who once served as deputy head of the state-owned China Development Bank (CDB) who is suspected of committing serious violations of discipline and law.

Meanwhile, the news was informed by Chinese media, namely CCTV, as reported by AFP, Wednesday, March 13, 2024. Until now, it is not known about the details of the case.

Meanwhile, last month, the former Chinese president Merchants Bank, Tian Huiyu, was given the death penalty for accepting large bribes.

Earlier in December 2023, former CBD vice president Zhou Qingyu was also arrested for allegedly accepting bribes. Furthermore, another bank executive, He Xingxiang, was also sentenced to 20 years in prison.

For information, Xi Jinping is launching a massive campaign related to the anti-corruption movement. Where his supporters say that these efforts are one way to encourage a clean government.

Meanwhile, critics consider it also as one of Xi Jinping's ways to get rid of his political rivals. In addition, corruption watchdogs from the ruling communist party are currently focusing their attention on the financial and banking sectors.

Previously, in total in August 2023, China had handled more than 36 thousand corruption cases that had an impact on the public interest.

Meanwhile, China's highest supervisory and anti-corruption authorities, said more than 52 thousand people underwent various actions, ranging from education, aid, to punishment in response to corruption cases.

The Global Times writes these areas include employment, entrepreneurship, education, health services, pension, social security, ecological and environmental protection, workplace safety, food and medicine security, law enforcement, and the justice system. In addition, anti-corruption agencies emphasize the importance of strengthening research in the field and monitoring to prevent corruption.