Two executives of Industrial and Commercial Bank of China (ICBC; SH:601398, HK:1398) have been charged in a bribery case, Bloomberg reported. The executives, Derick Chan Po-fui, current head of ICBC’s corporate banking department, and Chan Yick-yiu, the bank’s former head of real estate and finance, were released on bail of US$103,000 and US$64,450, respectively. Derick Chan has been accused of accepting US$128,900 and US$296,470 in bribes from Zeng Wei, a major shareholder of United Win Holdings, in an effort to extend the repayment deadline for United Win’s loans. Chan Yick-yiu is alleged to have accepted US$64,450 and US$257,800 in bribes to help Zeng prepare the loan proposals. The Eastern Magristrate court in Hong Kong ordered the two executives to surrender their passports while awaiting trial.