BREAKING: Former CBRC Vice Chairman Sentenced to Death with Two-Year Reprieve for $80 Million Bribery Scandal

Zhenjiang, Jiangsu – A former vice chairman of the China Banking Regulatory Commission (CBRC), Cai Esheng, has been sentenced to death with a two-year reprieve for accepting over 517 million yuan in bribes and abusing his power. The court in Zhenjiang city in the eastern province of Jiangsu announced the decision on Friday. The sentence allows for the punishment to be commuted to life in prison if the septuagenarian commits no further crimes during the …

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