Caixin
Jul 05, 2022 03:28 AM
FINANCE

Ex-Everbright Bank Executive Expelled From Party For ‘Colluding With Capital’

Zhang Huayu
Zhang Huayu

What’s new: Zhang Huayu, former deputy Communist Party secretary and deputy president of China Everbright Bank, was expelled from the Communist Party and removed from public office for taking bribes, China’s top antigraft agency said Monday in a statement.

Zhang, 63, illegally accepted a large amount of money and gifts and abused his power to arrange for dozens of his family members and relatives to work at Everbright and subsidiaries and to help others in promotions, job transfers and obtaining loans, the Central Commission for Discipline Inspection (CCDI) said. He was placed under investigation in January.

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