Former New China Life Insurance chairman handed suspended death sentence over corruption

The former chairman of New China Life Insurance, Li Quan, was sentenced to death with a two-year reprieve over corruption charges by a court in the Chinese province of Shandong, national broadcaster CCTV reported on Wednesday.

The court said Li took in more than 200 million yuan ($28.13 million) through embezzlement and bribes from 2010 to 2024, CCTV reported.

($1 = 7.1092 Chinese yuan renminbi)

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