Another Henan Official Probed for Links to Rural Banking Scandal

A senior official who once oversaw the rural credit system in central China’s Henan province was placed under investigation in an apparent link with a businessman behind a multibillion-dollar banking scam, Caixin learned.

Wang Yong, an official in Henan’s provincial political advisory body and a former chief of the Henan Rural Credit Union, is being investigated “on suspicion of serious violation of law and discipline,” the province’s anti-graft watchdog said.