Caixin
Nov 16, 2021 04:51 PM
FINANCE

Ex-Boss of State-Owned Trust Fired After Bribery Allegations

What’s new: A former chair of state-owned Dongguan Trust Co. Ltd. has been removed from public office for allegedly taking bribes, the local antigraft authority in the southern Chinese city of Dongguan said in a Monday statement (link in Chinese).

Huang Xiaowen, 48, is accused of taking bribes and abusing her power to seek benefits for others. She is also accused of embezzling company assets. The statement did not specify which company.

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