Tag: Developing

Head of Chinese Financial institution Powering International Developing Spree Jailed | Enterprise News

BEIJING (AP) — The previous chairman of the key Chinese condition financial institution driving Beijing’s initiative to establish railways and ports throughout dozens of Asian countries has been sentenced to life in prison on corruption rates, a court declared. Hu Huaibang was sentenced Thursday immediately after currently being convicted of taking 85.5 million yuan ($13.2 million) in bribes amongst 2009… Read more →