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Liu Liange, the former chairman of the Bank of China, has been formally charged with suspected bribe-taking and illegally issuing loans. This development is part of a broader anti-corruption campaign led by Chinese leader Xi Jinping, which has seen numerous high-profile figures in business and government indicted over the years. The official statement announcing the public prosecution against Liu was released on Monday, highlighting the ongoing efforts to clamp down on corruption within the nation's financial sector.
Former Bank of China Chairman Indicted for Bribery in Nation's Long-Running Anticorruption Drive https://t.co/TqKU2MDRDl
The "Broker Butcher" has just claimed his 32nd victim. Banking veteran Wu Qing has long served the China Securities Regulatory Commission ("CSRC"). But Wu's newest victim isn't a broker... And he's no lawbreaker, either ➡️ https://t.co/mgXJatrt2y https://t.co/OBCXy6NOjJ
The fall out from the lost $2.5 million continues at Kooyong Lawn and Tennis Club, with more high-ranking members exiting key roles. > https://t.co/W1AJ6xtDhl https://t.co/J9dJlULID6
