A senior official at the troubled Agricultural Bank of China has been executed for corruption, following years of ordering suppliers to pay him kickbacks, state media said on Wednesday.
Wen Mengjie, 50, former head of information technology at one of the bank's Beijing branches, was executed Tuesday for embezzling and taking bribes worth 15 million yuan (1.97 million dollars), the Xinhua news agency reported.
He was found guilty of taking bribes worth 10.73 million yuan during the buying of equipment and computer software between 1999 and 2004 and embezzling another 4.32 million yuan from his bank, it said.
Wen reportedly argued that the money had simply been given to him from four suppliers. But the suppliers testified against him, saying he demanded that money be paid to a company he owned and into his personal bank account.
Wen bought three houses in Beijing with the bribes he received, the report said.
His corruption was eventually exposed after he went to an undisclosed bank wearing dark glasses and using a false name to repay his mortgage loans with bags of cash.
Suspicious staff at the bank notified authorities, who conducted a 10-month investigation before nabbing him.
The Agricultural Bank is one of the nation's big four state lenders, but has struggled under the weight of corruption and poor management.
The Agricultural Bank last year sacked 64 employees and took disciplinary action against 1,300 others after an audit found irregularities worth 51.6 billion yuan.
Last Mod: 12 Eylül 2007, 14:51