Dark Mode
Sunday, 22 December 2024
Submit Now
Login / Sign Up
Logo
AdSense Advertisement
Advertisement
China Development Bank's ex-vice president under probe

China Development Bank's ex-vice president under probe

 
- Authorities launch investigation against Li Jiping over severe violations of discipline
 

By Anadolu staff

ANKARA (AA) - Chinese authorities launched an investigation against former top bankers for suspected corruption, state-run media said on Wednesday.

Li Jiping, a former vice president of the state-owned China Development Bank, is under disciplinary and supervisory investigation, Xinhua News agency reported.

"Li, also formerly a member of the bank's committee of the Communist Party of China (CPC), is being investigated by the CPC Central Commission for Discipline Inspection and the National Supervisory Commission for suspected severe violations of discipline and the law," the agency said, citing an official statement.

The latest development came after a Chinese court last month sentenced the former president of China Merchants Bank Co. (CMB) to death with a two-year reprieve on charges of taking bribes and insider trading.

In January this year, the Central Commission for Discipline Inspection, the country’s top anti-corruption body, said 110,000 Chinese Communist Party officials, including 45 senior officials, faced disciplinary action for corruption.

China’s fight against corruption under President Xi Jinping has seen high-level officials sacked and punished, and many executed.

Last year, Xi sacked two top ministers, including Defense Chief Li Shangfu, who is allegedly facing a corruption probe.

 

*Writing by Islamuddin Sajid

 
AdSense Advertisement
Advertisement

Tags

China China Development Bank President Xi
AdSense Advertisement
Advertisement

Comment / Reply From

Comment
AdSense Advertisement
Advertisement

You May Also Like

Pakistan Army Chief General Syed Asim Munir Visits NCTC Pabbi, Observes Pak-China Joint Exercise Warrior-VIII

China Urges Restraint Amid Escalation Between Russia and Ukraine

Thousands Displaced as Super Typhoon Man-yi Slams Philippines, Causing Widespread Disruption

Xi speaks with Trump, says China, US would ‘benefit from cooperation’

Chinese Premier Li arrives in Islamabad as Pakistan set to host regional summit

China condemns Israeli attack on UN peacekeepers in southern Lebanon

China, ASEAN agree to further advance comprehensive strategic partnership

China urges Philippines to stop 'infringing actions' in disputed South China Sea

Recent News

16 Pakistani soldiers martyrs 8 terrorist killed in clash near Afghan border

16 Pakistani soldiers mar...
Pakistan rejects US claim on ballistic missile program

Pakistan rejects US claim...
Meeting between the Prime Minister of Pakistan and Chief Adviser of Bangladesh

Meeting between the Prime...
Pakistan Prime Minister’s meeting with Türkiye’s President

Pakistan Prime Minister’s...

Recommended

Babies being sold to feed siblings, UN chief describe Afghanistan situation worrying

Babies being sold to feed siblings, UN chief describe Afghanistan situation worrying

Archive

Please select a date!
Submit

Stay Connected

Newsletter

Subscribe to our mailing list to get the new updates!

AdSense Advertisement
Advertisement

Popular Posts

Over 95% of Pakistani believes, US toppled Imran Khan's government in South Asian country : Recent Twitter survey

Over 95% of Pakist...

Muslims from abroad show solidarity with Imran Khan, express deep concerns over accusing him of blasphemy 

Muslims from abroa...

Pakistan as Responsible Nuclear Weapon State

Pakistan as Respon...

Categories

Copyright © 2024 The South Asia Times - All Rights Reserved.