Newsletter Newsletters Events Events Podcasts Videos Africanews
Loader
Advertisement

Ex-Bank of China boss arrested on bribery charges

Bank of China chairman, Liu Liange, 2019.
Bank of China chairman, Liu Liange, 2019. Copyright  Luca Bruno/AP.
Copyright Luca Bruno/AP.
By Euronews with AFP
Published on
Share this article Comments
Share this article Close Button

The former chairman of the Bank of China has been arrested over corruption allegations, Chinese state media reported on Monday.

ADVERTISEMENT

The Supreme People's Procuratorate has accused Liu Liange of bribe-taking and illegal loan-issuing.

Earlier this year, Mr Liu stepped down from his role as the chairman of the Bank of China.

He was also dismissed from his position as an official in the Chinese Communist Party (CCP).

Since coming to power in 2012, President of China Xi Jinping has been waging a tough campaign against official corruption.

The arrest of Liu Liange is the latest in a series of harsh measures taken against high profile financial executives in the country.

Whilst Xi’s approach has its supporters, critics of the policy say it allows the President to disempower his opponents.

Go to accessibility shortcuts
Share this article Comments

Read more