Former bank head in dock for bribery
Print Edition
The former head of Industrial and Commercial Bank鈥檚 Shanghai office has been indicted on charges of taking bribes of 136 million yuan (US$19.4 million), said the city鈥檚 procuratorate during a court hearing yesterday.
Gu Guoming, 53, was accused of taking advantage of his position to help relevant companies and individuals with financing, lending and project contracting and receiving money from those people between 2005 and 2018, according to the No. 1 Branch of the Shanghai People鈥檚 Procuratorate.
Prosecutors presented evidence that Gu had taken 5.86 million yuan in bribes. He confessed to receiving the rest of the money from others, authorities said.
Gu pleaded guilty and expressed remorse in court.
In December, the Supreme People鈥檚 Procuratorate announced that Gu was arrested and facing charges.
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