Core Points - The court sentenced Lou Wenlong, former deputy governor of the Agricultural Bank of China, to life imprisonment for accepting bribes totaling over 84.51 million yuan from 2005 to 2024, which caused significant losses to the state and the public [1][2][3] - The court acknowledged mitigating factors such as Lou's confession, cooperation with the investigation, and the return of all illicit gains, which led to a lighter sentence despite the severity of the crime [2][3] Company and Industry Summary - Lou Wenlong held various significant positions in banking regulation, including roles at the China Banking Regulatory Commission and the Agricultural Bank of China, where he exploited his authority to facilitate illegal financial transactions [1][4] - His actions included providing assistance in regulatory approvals, equity investments in urban commercial banks, and financing loans, which were tied to substantial bribes [1][3] - The case highlights ongoing issues of corruption within the banking sector, emphasizing the need for stricter regulatory oversight and adherence to ethical standards [3][4]
农行原副行长楼文龙,被判无期