Saturday, November 2, 2024, 4:11 PM
BREAKING NEWS
**Israeli military says Iran has launched missiles towards Israel *Interceptions heard in Jerusalem *IDF urges Israelis to go to 'protected spaces' if sirens heard
Saturday, November 2, 2024, 4:11 PM
Home » Former China Everbright Group chairman arrested on suspicion of corruption

Former China Everbright Group chairman arrested on suspicion of corruption

Vice chairman of China's top banking regulator arrested on corruption charges.

by NWMNewsDesk
0 comment

A former chairman of state-owned financial conglomerate China Everbright Group, Tang Shuangning, was arrested on suspicion of taking bribes and corruption, state media reported on Monday, citing China’s top prosecutor.

Tang, 69, was expelled from China’s Communist Party earlier this month for severe violations and disciplines, in an intensified campaign aimed at weeding out corrupt officials in the financial sector.

The Supreme People’s Procuratorate said the case was under further investigation. Reuters was not immediately able to reach Tang for comment.

Tang served as vice chairman of China’s top banking regulator in 2003 before he was appointed as chairman of China Everbright Group in 2007. He retired in 2017.

banner

His arrest comes as China’s financial sector is increasingly in the crosshairs of President Xi Jinping’s vast anti-corruption campaign.

You may also like

Blogs

Latest Articles

© 2024 News World Media. All Rights Reserved.