Former New China Life Insurance chairman handed suspended death sentence over corruption

Reuters
2025.11.19 11:17
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Li Quan, former chairman of New China Life Insurance, received a suspended death sentence for corruption in Shandong, China. He embezzled over 200 million yuan and accepted bribes worth 105 million yuan. The sentence may be commuted to life imprisonment if no further crimes are committed during the reprieve period. This case is part of China's intensified crackdown on financial sector corruption.

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