Caixin
May 11, 2022 05:07 AM
FINANCE

Former Everbright Bank Branch Chief Under Graft Probe

Shanghai- and Hong Kong-traded Everbright Bank and its parent have been rattled by a series of graft scandals.
Shanghai- and Hong Kong-traded Everbright Bank and its parent have been rattled by a series of graft scandals.

A former China Everbright Bank Co. Ltd. branch chief was placed under graft investigation, extending a list of senior officials brought down by scandals rattling the state-owned financial conglomerate China Everbright Group Ltd.

Su Shude, a former president and Communist Party chief of Everbright Bank’s Nanning branch in southern China’s Guangxi province, has been placed under investigation on suspicion of “serious violations of party discipline and law,” China’s top corruption watchdog said Tuesday. The allegation is a common euphemism for graft.

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