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Biz people of the week: Winners and losers
By Qiang Xiaoji (chinadaily.com.cn)
Updated: 2010-04-02 16:22
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Losers
Banker's bribery trial gets two female celebrities in trouble
Two female celebrities and a large amount of money were the star attractions in Tuesday's bribery trial of Wang Yi, former vice-president of State-run China Development Bank.
Wang, who stood trial at the Beijing No 1 Intermediate People's Court, pleaded guilty to the charge of accepting bribes of more than 11.96 million yuan ($1.76 million), and confessed that he "used his power and his influence to make profit for others and himself".
Surprisingly, it was disclosed that two famous female celebrities - movie star Zhao Wei, and the anchor of China Central Television, Liu Fangfei, were involved in the case.
Wang, 54, had an impressive career path before he was investigated for possible corruption. He graduated from the history department of Peking University in 1984. At the age of 39, he became vice-chairman of the China Securities Regulatory Commission and he was vice-president of China Development Bank from 1999 to 2008, when he was investigated and removed from his post.
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Banker's bribery trial names two female celebrities
Former VP of Chinese bank stands trial for bribery
