Oct 26, 2022 08:26 PM

Arrest Warrant Issued for Ex-President of China Merchants Bank

What’s new: China’s top prosecutor has issued a warrant for the arrest of Tian Huiyu, a former president of China Merchants Bank Co. Ltd. (CMB) (600036.SH).

The country’s top anti-graft agency had concluded an investigation into allegations of Tian’s bribery, abuse of power and trading with undisclosed information, a Wednesday statement from the Supreme People’s Procuratorate said.

The background: Tian, 56, served as president of CMB for almost nine years before being removed by its board on April 18. Later that week, the Central Commission for Discipline Inspection (CCDI), the top anti-corruption watchdog, said he had been placed under investigation for suspected graft.

You've accessed an article available only to subscribers
Share this article
Open WeChat and scan the QR code
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
China Stories: The Rural Hardship Behind the Mine Murders That Shocked China