Ex-New China Life Insurance chairman receives suspended death sentence for corruption
Photo: Reuters
Li Quan, former chairman of New China Life Insurance, has been sentenced to death with a two-year reprieve by a Shandong court over corruption charges.
The court found that Li embezzled and accepted bribes totaling over 200 million yuan ($28.13 million) between 2010 and 2024, News.Az reports, citing Reuters.
The suspended sentence means it could be commuted to life imprisonment if Li demonstrates good behavior during the two-year period.
This case highlights China’s continued crackdown on high-level corporate corruption.
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