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

Core Viewpoint - The article highlights a significant case of financial corruption involving Wu Hua, the former president of Wenzhou Bank, emphasizing the judicial system's commitment to combating corruption in the banking sector and maintaining financial security [4]. 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 an additional 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 prison terms for embezzlement and illegal loan issuance, with a total of 1.32 billion yuan in bribes received [3][4]. - The Zhejiang Provincial High Court upheld the original ruling, reinforcing the severity of Wu's actions and the judicial system's stance against corruption in the banking sector [4]. Implications for the Banking Sector - The case serves as a critical example of the risks posed by corrupt practices within commercial banks, highlighting the need for stringent oversight and accountability among key decision-makers in the financial industry [4].