In Sichuan province, the commercial bank in Leshan city was deceived into providing loans totaling 3.3 billion yuan (RMB). This incident occurred more than a decade ago but only recently came to light.
On September 28, regarding the case of the bank being defrauded of 3.3 billion yuan, a spokesperson from Leshan Commercial Bank in Sichuan stated that the accountability for this issue is still ongoing, and the bank continues to pursue the recovery of the loan losses.
On September 27, according to reports from The Paper, related criminal judgments revealed that from October 2013 to April 2014, Yang Tao, then General Manager of the Financial Market Department of Leshan Commercial Bank, and Li Xuan, Assistant General Manager, accepted bribes from financial intermediaries Gong Tingting, among others, and unlawfully issued loans totaling 3.8 billion yuan.
Out of the 3.8 billion involved in the illegal loan issuance, 3.3 billion was identified as the amount obtained through deception.
According to court documents, as of September 2022, the amount of the 3.8 billion funds involved in the illegal loan issuance by Leshan Commercial Bank that remained overdue for repayment was approximately 3.04 billion yuan.
The Shawan District Court in Leshan city believed that financial intermediaries Gong Tingting and Yin Xueming, as well as former staff member Zhang Yinglin from the Hubei Yingcheng Branch of Industrial and Commercial Bank of China, used deceptive means, impersonated bank leaders as “guarantors,” forged bank seals and the president’s stamps, provided false loan information, and obtained a loan of 3.3 billion yuan from Leshan Commercial Bank. Gong Tingting and others received around 110 million yuan in “service fees.”
In October 2024, Gong Tingting was sentenced to fourteen years and six months in prison for the crimes of loan fraud and bribery, while Yin Xueming, Zhang Yinglin, and others were also convicted of loan fraud.
In August 2025, the Intermediate People’s Court of Nanchang, Jiangxi province, heard the related lending cases and obtained multiple criminal judgments from Sichuan, Hubei, and other regions. With this, the hidden details of loan fraud and illegal lending cases involving Leshan Commercial Bank have been exposed.
Following the reports on this matter, on September 28, Vice President Deng Xianghai of Leshan Commercial Bank said that the facts disclosed in the reports are “undeniably true.” He mentioned that since the incident, over ten individuals, including leaders from Leshan Commercial Bank, have been held accountable.
Deng Xianghai further expressed that the work of recovering overdue loans related to the case is still “in progress.”