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recently, the zhangye supervision branch of the state administration of financial supervision and administration released penalty information.yang zitao, li shangwei, and chen lei, former employees of bank of china co., ltd. zhangye branch, were involved in criminal cases and were banned from business for life.

the fine showed that bank of china zhangye branch was fined 250,000 yuan due to a former employee involved in criminal cases. at the same time, six responsible persons received fines, including yang zitao, then deputy president of bank of china zhangye branch, li shangwei, then director of the corporate business department of bank of china zhangye branch, assistant account manager of the personal finance department of bank of china zhangye branch, and xinle branch chen lei, account manager and deputy director of the corporate business department, wei xiaochun, then president of bank of china zhangye branch, dong dewei, then president of bank of china zhangye branch, and li jun, then vice president of bank of china zhangye branch.

in,yang zitao, li shangwei, and chen lei were given administrative penalties banning them from working in the banking industry for life., wei xiaochun was warned and fined 50,000 yuan, and dong dewei and li jun were warned.

this is not the first time bank of china zhangye branch has been fined. previously,yang zitao was banned from working in the banking industry for five years because of issuing loans before project capital was in place, evading capital, and misappropriating loan funds.

in may this year, a criminal verdict disclosed by the judgment documents network showed that chen worked at the zhangye branch of bank of china from july 2010 to december 2017.he has successively served as a loan officer in the bank's personal finance department, account manager and deputy director of the corporate finance department.. since 2012, the defendant chen has violated national laws and regulations when handling loan business.illegal granting of multiple loans alone or under the arrangement of others.

according to the judgment, the defendant chenconvicted of illegally granting loans and sentenced to one year and six months in prison, and be fined rmb 50,000;committed the crime of misappropriation of public funds,sentenced to one year in prison, totaling two years and six months, decided to execute a two-year prison sentence, suspended for three years, and fined rmb 50,000. the returned illegal income of 2,520.68 yuan was confiscated by the seizure authority in accordance with the law and turned over to the state treasury.

the content is synthesized from the official website of the state financial supervision and administration bureau and the china judgment documents network