BEIJING (Reuters) -- China Development Bank's former chairman Hu Huaibang has been sentenced to life in prison for bribery, a Chinese court said on Thursday, marking the second high-profile financial executive sentenced in a week.
Hu, who was arrested last February, was convicted of receiving bribes totaling 85.52 million yuan ($13.24 million) between 2009 and 2019, the Chengde Intermediate People's Court of Hebei Province said in a statement on its official WeChat account.
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