Former head of China Postal Savings Bank found dead in custody
Date
6/15/2016 1:39:36 AM
(MENAFN- Asia Times) Tao Liming
Tao, 62, was placed under graft investigation by the Communist Party’s disciplinary agency in June 2012. Party investigators accused Tao of helping his younger brother solicit bribes in 2009 and 2010 worth more than 10 million yuan from a highway construction company in Hunan Province. Tao was also accused of illegal fund-raising and abusing power to write loans that violated regulations.
A court in central China’s Henan Province heard Tao’s case in August 2014. During the hearing, Tao confessed to taking bribes and embezzling public funds crimes that carry a maximum punishment of the death penalty. The verdict in Tao’s case has never been made public.
“There was no public information about whether there was a sentencing or when it was made,” said a source close to the matter who declined to be named. Read more
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.