China jails former Agricultural Bank VP for life for taking bribes

February 4, 2015 10:21 AM

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SHANGHAI (Reuters) - A Chinese court jailed the former vice president of Agricultural Bank of China Ltd for life for accepting more than 30 million yuan ($4.80 million) in bribes, including works of art and gold bars, the latest casualty in an anti-corruption drive that is now targeting the finance sector.

The sentence comes after China Minsheng Banking Corp's president, Mao Xiaofeng, resigned on Saturday for personal reasons following reports in Chinese media that he was being investigated by the country's graft watchdog.

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