Wang, 54, was found to have abused his power when serving as vice president of the bank to make profits for others in return for bribes totaling 11.96 million yuan (about $1.76 million) from November 1999 to February 2008.
He was also deprived of his political rights for life and had all of his personal assets confiscated, according to the Beijing No. 1 Intermediate People's Court.
In February last year, Wang was removed from his post and the Communist Party of China (CPC) Central Commission for Discipline Inspection, the ruling party's internal anti-graft body, stripped him of his CPC membership for "severe violation of discipline and the law."
I guess this Communist Party stuff of China sees rules and regulations as a part of the job description and lack of honesty and integrity in one's job has consequences......... heads will roll??