Bank of China Ex-Chairman Investigated for Alleged Corruption

What’s new: Liu Liange, a former Communist Party chief and chairman of Bank of China Ltd. (BOC), has been placed under investigation for suspected “severe violations of (party) discipline and laws”— a regular euphemism for corruption, China’s top anti-graft watchdog said Friday.

State-owned BOC announced in February that Liu had been removed as its party chief, and said earlier this month that he had stepped down as chairman.