A Chinese procuratorate has indicted Wang Bin, a former party chief and Chairman of China Life Insurance (Group) Company, for suspected bribery and concealment of overseas savings.
The disclosure was made in a statement issued by the Supreme People’s Procuratorate (SPP) on Thursday.
Wang used his positions at various financial institutions, including the Jiangxi Branch of the Agricultural Development Bank of China, to seek benefits for others, according to the statement.
In return, he accepted an “especially huge amount’’ of money and gifts, SPP said in the statement.
Also, Wang was accused of concealing a large amount of overseas savings and violating relevant rules for a state functionary.
Wang’s case has been filed by the Jinan City procuratorate in Shandong Province at the city’s intermediate court.
The statement said that prosecutors had informed him of his litigation rights and interrogated him. (Xinhua/NAN)