Ex-China Development Bank Executive Arrested On Bribery Suspicion: Report
NDTV
He Xingxiang is suspected of issuing financial bills in violation of regulations, illegally issuing loans and concealing overseas deposits.
A former vice president of China Development Bank (CDB), He Xingxiang, was arrested on suspicion of accepting bribes, China's Supreme People's Procuratorate said on Sunday, amid a series of probes into officials at state financial firms.
He is also suspected of issuing financial bills in violation of regulations, illegally issuing loans and concealing overseas deposits, said a notice on the Supreme People's Procuratorate's website. The Beijing Municipal People's Procuratorate made the decision "in recent days" to arrest He after an investigation by the National Supervisory Commission, the notice said.
China's top graft-busting agency, the Central Commission for Discipline Inspection, announced in September that He was under investigation, the latest in a series of corruption probes into officials at government-run financial firms.
