On February 22, the first instance of Jinan Intermediate People’s court in Shandong Province held a public hearing to hear the bribery case of sun Deshun, former deputy secretary of the Party committee and President of China Citic Bank Corporation Limited(601998) . Jinan Municipal People’s Procuratorate sent personnel to court to support the public prosecution, and the defendant sun Deshun and his defenders appeared in court to participate in the proceedings.
Jinan Municipal People’s Procuratorate indicted: from 2003 to 2019, the defendant sun Deshun took advantage of his position as vice president of Industrial And Commercial Bank Of China Limited(601398) Beijing Branch, Bank Of Communications Co.Ltd(601328) Beijing branch president, China Citic Bank Corporation Limited(601998) vice president and president to provide assistance to relevant units in loan approval, obtaining credit line and other matters, Illegal receipt of property totaled more than 979.5 million yuan.
During the trial, the public prosecution showed relevant evidence, the defendant sun Deshun and his defenders cross examined, the prosecution and defense fully expressed their opinions under the auspices of the court, sun Deshun made a final statement and pleaded guilty in court. Finally, the court adjourned the court and pronounced a sentence at a selected time.
The reporter noted that sun Deshun joined China Citic Bank Corporation Limited(601998) in October 2011 as the Deputy Secretary of the Party committee of the bank, and then became the vice president, executive director and executive vice president of the bank. In June 2016, after Li Qingping, the former president of the bank, was promoted to Chairman, sun Deshun, then 58, succeeded Li Qingping as president of China Citic Bank Corporation Limited(601998) . After sitting as president for two and a half years, sun Deshun no longer served as executive director and President of China Citic Bank Corporation Limited(601998) and was succeeded by vice president Fang Heying.
At that time, the market generally believed that sun Deshun retired because of his age, but he was expelled from the party a year after his retirement. At that time, after reviewing and investigating, the Central Commission for discipline inspection found that sun Deshun not only illegally borrowed real estate from loan customers and illegally sought benefits for others in the employment of employees, but also ran businesses and enterprises in violation of regulations, seizing huge benefits for himself and his relatives and friends. The Commission for Discipline Inspection and Supervision said that his “greed is extremely inflated, his values are distorted, and he wants to be an official and make a fortune.”
