Ex-China Development Bank executive arrested for bribery

BEIJING, Feb 13 (Reuters) – Former China Development Bank (CDB) vice president He Xingxiang has been arrested on suspicion of accepting bribes, China’s government said. China’s Supreme People’s Procuratorate on Sunday, amid a series of investigations into officials of state-owned financial companies. .

He is also suspected of issuing finance bills in violation of regulations, illegally issuing loans and concealing overseas deposits, said a notice on the website of the Supreme People’s Procuratorate.

The Beijing Municipal People’s Procuratorate made the decision “in recent days” to arrest He after an investigation by the National Supervisory Commission, according to the notice.

China’s main anti-corruption agency, the Central Commission for Discipline Inspection, announced in September that he was under investigation, the latest in a series of probes into corruption of officials in government-run financial companies. Read more

Born in 1963, he worked for state lenders Bank of China and Agricultural Development Bank of China before becoming a member of the Communist Party committee of political bank CDB.

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Reporting by Martin Quin Pollard; Editing by Tony Munroe and William Mallard

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Shawanda H. Saldana