Former Bank of China chairman investigated by graft agency

Published March 31, 2023 5:45 AM

BEIJING (AP) — Chinese state TV says a former chairman of Bank of China Ltd., one of the country’s four major state-owned lenders, is under investigation by the ruling Communist Party’s anti-corruption agency. China Central Television said on its website that Liu Liange is suspected of “serious disciplinary violations.” The one-sentence report gave no details of the allegations against Liu. A series of senior figures including bank executives, a deputy central bank governor and a former insurance regulator have been caught up in a marathon crackdown led by Chinese leader Xi Jinping. The campaign is popular with the public and has allowed Xi to sideline political rivals.

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The Associated Press

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