Former Bank of China chief charged with bribery, illegal loan issuance

Anti-corruption crackdown has been sweeping nation's financial sector

20240220 Liu Liange BOC chief

Liu Liange arrives at an Italy-China financial forum in Milan in 2019. © AP

LIU RAN and HAN WEI, Caixin

Liu Liange, a former chairman of the Bank of China, has been charged with accepting bribes and illegally granting loans, joining a growing list of financial veterans falling from grace in Beijing's anti-corruption crackdown.

Prosecutors accused Liu of taking "huge amounts of" bribes from individuals or businesses in exchange for promotion and financing favors during his tenure at the BOC and at the Export-Import Bank of China (Exim Bank).

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