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