Jul 17, 2023 08:09 PM

FINANCE

Another Ex-Chairman of China Everbright Group Investigated for Suspected Corruption

By Liu Ran, Han Wei and Zhang Ziyu

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Tang Shuangning is a former chairman of state-owned financial conglomerate China Everbright Group.

Tang Shuangning is a former chairman of state-owned financial conglomerate China Everbright Group.

A former chairman of China Everbright Group Ltd., who has been unreachable since last week, has been placed under investigation by the country’s top anti-graft watchdog as regulators continue to crack down on misconduct in the financial industry.

Tang Shuangning is suspected of “severe violations of (Communist Party) discipline and law,” a common euphemism for corruption, according to an online statement published Saturday by the Central Commission for Discipline Inspection.

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