China arrests former insurance executive as anti-corruption campaign sweeps finance sector

China arrests former insurance executive as anti-corruption campaign sweeps finance sector

According to the Supreme People’s Procuratorate, Li is accused of serious violations, including severe breaches of party discipline and abuse of power, following an investigation by the National Supervisory Commission that concluded in late September. Li is accused of ignoring regulations by accepting invitations that could compromise his impartiality, breaching organisational principles to benefit others … Read more

Dozens of China’s state regulators, bankers, finance bosses in corruption net as crackdown stepped up in new year

Dozens of China’s state regulators, bankers, finance bosses in corruption net as crackdown stepped up in new year

The Central Commission for Discipline Inspection, China’s top anti-corruption agency, said in a statement on its website on Thursday that Lou was under investigation for “serious violations of party discipline and the law” – a familiar euphemism for corruption. Lou was in charge of handling bad debts at the bank until he retired in 2017. … Read more