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Ex-Chairman Of China Everbright Group Arrested for Corruption
- By The Financial District
- Jan 17, 2024
- 1 min read
The former chairman of state-owned Chinese bank China Everbright Group has been arrested on suspicion of embezzlement and bribery, prosecutors said on Monday, amid an intensified campaign against corruption, Zen Soo reported for the Associated Press.
The investigation into Tang Shuangning, the former party secretary and chairman of China Everbright Group, has ended and the case will be “transferred to the procuratorate for review and prosecution.” I Photo: 維基小霸王
The investigation into Tang Shuangning, the former party secretary and chairman of China Everbright Group, has ended and the case will be “transferred to the procuratorate for review and prosecution,” China’s Supreme People’s Procuratorate said in a statement.
Tang, 69, was expelled from the Chinese Communist Party (CCP) earlier this month over violations of disciplines and laws, amid a crackdown on corruption in China’s financial sector. He retired in 2017.
Other allegations against him include weakening the party’s leadership over the bank, failing to prevent and defuse financial risks, “privately reading publications with serious political problems and resisting organizational scrutiny,” the party-run newspaper Global Times cited the Central Commission for Discipline Inspection (CCDI) and the National Supervisory Commission (NSC) as saying.
Another alleged transgression: promoting his calligraphy. Tang has published several volumes of calligraphy and poems.
