Industrial and Commercial Bank of China controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2025
Former vice president Zhang Hongli given suspended death sentence at first instance in bribery case
On February 19, 2025, the Hangzhou Intermediate People's Court at first instance found Zhang Hongli, former vice president of ICBC, guilty of accepting bribes of more than 177 million yuan and sentenced him to death with a two-year suspension. The court found that from 2011 to 2022 he used his position to seek benefits for others in matters such as loan financing and job adjustments.
2024
Former discipline inspection secretary Liu Lixian sentenced to 8 years at first instance in bribery case
On December 24, 2024, the Dezhou Intermediate People's Court at first instance sentenced Liu Lixian, former secretary of the discipline inspection commission of ICBC, to 8 years in prison and a fine of 2 million yuan. The finding of more than 17.76 million yuan in bribes involved his conduct during tenures at the Supreme People's Procuratorate, China Huarong, and ICBC.
2023
Ransomware attack on the United States unit
A ransomware incident attributed to the LockBit group affected ICBC Financial Services in the United States and prevented or delayed the clearing of some Treasury trades. LockBit claimed a ransom had been paid, but the claim was not independently verified in the reference material.
2008
Environmental criticism over Gilgel Gibe III financing
International environmental and human-rights organizations criticized ICBC over financing associated with Ethiopia's Gilgel Gibe III dam, arguing that the project raised social and environmental concerns under the bank's stated standards.
2005
Alleged misappropriation scheme involving ICBC funds
Chinese authorities arrested officials and bankers in connection with allegations that approximately US$900 million had been illegally taken from ICBC. The reference material does not establish the final legal outcome.