Oct 28, 2022 04:54 AM

FINANCE

Graft Crackdown at China’s Biggest Policy Lender Snares Another Official

By Wang Shiyu and Han Wei

CDB has been hit in recent years by a lengthening string of graft scandals involving top executives.

CDB has been hit in recent years by a lengthening string of graft scandals involving top executives.

The anti-corruption storm sweeping China’s largest policy lender snared yet another executive who is believed to have links with the bank’s convicted former chairman.

Liang Liang, deputy head of the market and investment department of China Development Bank (CDB), was placed under investigation “on suspicion of serious violation in law and discipline,” the Communist Party’s graft buster said late Thursday in a statement. The phrase often refers to corruption.

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