Ex-Chairman of China's Largest Insurance Company Sentenced to Life Imprisonment

Ex-Chairman of China’s Largest Insurance Company Sentenced to Life Imprisonment

—Photo: CNN Beijing: Wang Bin, the former chairman of China’s largest life insurance company, was sentenced to life in prison for corruption. The court convicted Wang, 64, of taking bribes worth $44 million and concealing $7.8 million in overseas deposits, without parole. Wang was accused of taking bribes between 1997 and 2021, when he was…

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During a week, the government's foreign exchange reserves decreased by 140 million dollars

During a week, the government’s foreign exchange reserves decreased by 140 million dollars

Karachi: A decrease of 140 million dollars was recorded in the government’s foreign exchange reserves during one week. According to the State Bank of Pakistan, during the week ending September 8, the government’s foreign exchange reserves decreased by $140 million. After a decrease of 14 million dollars, the official reserves of foreign exchange reached the…

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