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Fugitive Sentenced in China to Life Imprisonment in Landmark Corruption Case | Pillsbury Winthrop Shaw Pittman LLP

Xu Guojun, along with co-conspirators Xu Chaofan and Yu Zhendong, exploited their positions at the Bank of China to steal bank funds and cover unauthorized foreign exchange losses. .

United statesHong kongGuojon xuYu zhendongXu guojunLos angelesXu chaofanRonald chengJiangmen intermediate courtPillsbury winthrop shaw pittmanUs supreme courtUs department of justicePillsbury china

Chinese banker jailed for life in US$483 million corruption case

‘Significant damage’ inflicted through fraudulent loans, misappropriated repayments and the siphoning of bank funds to other accounts, court says.

Hong kongKuang wanfangLai mingminXu guojunXu chaofanYu zhendong

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