Former China Construction Bank Head Jailed

Law360, New York (November 3, 2006, 12:00 AM EST) -- The second banking executive to take the fall in China’s crackdown on corruption, the former chairman of state-owned China Construction Bank was sentenced to 15 years in jail today for accepting bribes.

A Beijing court sent Zhang Enzhao, the former head of China’s third-largest bank, to jail for taking 4.15 million yuan (around $525,000) in bribes. He will be held in Qingcheng prison, a detention center built in 1958 for political prisoners.

"The defendant abused his position as a government servant to obtain financial gains for...
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