Core Viewpoint - The case of Wu Hua, former president of Wenzhou Bank, highlights severe corruption within the banking sector, emphasizing the need for strict legal enforcement against financial crimes to protect national and public interests [4][5]. Summary by Sections Case Background - Wu Hua, born in 1968, held various positions in banking before becoming the president and vice chairman of Wenzhou Bank in 2009. He was investigated for serious violations in August 2019 and expelled from the party and public office in May 2020 [1]. Corruption Details - In 2016, Wu colluded with a company manager to issue a 500 million yuan guarantee loan, receiving benefits in return. In 2017, he approved another loan of 500 million yuan at an 8% interest rate [1][2]. - The company later agreed to pay Wu a fixed return of 9.5% on the loan, totaling over 142 million yuan disguised as consulting fees [2]. - Wu was found to have misappropriated over 508 million yuan for personal use and facilitated unauthorized loans totaling 501 million yuan, resulting in significant losses for Wenzhou Bank [2][3]. Legal Proceedings - In December 2022, Wu was sentenced to death with a two-year reprieve for bribery, along with additional sentences for embezzlement and illegal loan issuance, totaling 29 years in prison [3]. - The Zhejiang Provincial High Court upheld the original ruling, confirming the severity of Wu's actions and the legal consequences [3]. Implications for the Banking Sector - The case serves as a critical example of the risks posed by corrupt practices in banking, where key decision-makers can exploit their positions, leading to substantial financial losses and damage to the financial ecosystem [4][5]. - The judicial response underscores a commitment to combating corruption in the banking industry, reinforcing the importance of integrity and accountability among financial leaders [5].
温州银行原行长吴华贪腐细节披露：违法发放贷款5亿 被判死缓、终身监禁
2 1 Shi Ji Jing Ji Bao Dao·2025-12-01 00:09