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China Corruption Blotter (February 5, 2014)

Wang Weibing, former head of the Internal Settlement Center at state-owned Zhengzhou Coal Industry Group Co Ltd, has been sentenced to 12 years in prison for accepting bribes totaling $500,000 from ten banks seeking business with the group. The banks identified include the Zhengzhou branches of Shanghai Pudong Development Bank, China Minsheng Bank, China Guangfa Bank, Industrial Bank and Bank of China.

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