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Former President of Export-Import Bank of China Beijing Li Li Pleads Guilty to $14.5 Million Bribery Charges, Facilitate Loans to Companies in Exchange for Bribes Between 2010 to 2020
1st April 2023 | Hong Kong
The former President of Export-Import Bank of China Beijing branch and former China Communist Party Chief Li Li has pleaded guilty to bribery charges (China Yunnan Province Court), facilitating loans to companies in exchange for $14.5 million of bribes between 2010 to 2020. The Export-Import Bank of China is a state-funded and state-owned policy bank with the status of an independent legal entity. It is a bank directly under the leadership of the State Council and dedicated to supporting China’s foreign trade, investment and international economic cooperation. With the Chinese government’s credit support, the Bank plays a crucial role in promoting steady economic growth and structural adjustment, supporting foreign trade, and implementing the “going global” strategy. It is committed to reinforcing financial support to key sectors and weak links in the Chinese economy to ensure sustainable and healthy economic and social development. In China, the Bank has 32 branches on the mainland and one representative office in Hong Kong. Overseas, it has the Paris Branch, Representative Office for Southern and Eastern Africa, St. Petersburg Representative Office, Representative Office for Northern and Western Africa.
“ Former President of Export-Import Bank of China Beijing Li Li Pleads Guilty to $14.5 Million Bribery Charges, Facilitate Loans to Companies in Exchange for Bribes Between 2010 to 2020 “
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Former President of Export-Import Bank of China Beijing Li Li Pleads Guilty to $14.5 Million Bribery Charges, Facilitate Loans to Companies in Exchange for Bribes Between 2010 to 2020
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