Former PBoC official jailed for 16 years for corruption
Court finds Sun Guofeng took $2.94 million in bribes and conducted inside trading
A former senior official of the People’s Bank of China has received a long prison sentence for taking bribes, leaking state secrets and insider trading.
A court in Tianjin sentenced Sun Guofeng, former head of the central bank’s monetary policy department, to 16 years and six months in jail. It sentenced Sun on July 27, but the prosecutor only revealed the news at a December 28 press conference, several media outlets reported. The court also fined Sun 13.1 million yuan ($1.85 million) for his
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