China bank executives facing corruption probes

State media reports say the bosses of China’s postal bank and of a regional city lender are among the latest financial bigwigs caught up in corruption investigations.

By (AP)

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Published: Mon 11 Jun 2012, 2:54 PM

Last updated: Tue 7 Apr 2015, 11:11 AM

The China Securities Journal and other reports said on Monday that Postal Savings Bank Gov. Tao Liming was recently detained for questioning. The reports gave no details, but noted that past government audits had found fault with the postal bank’s governance.

Separately, the financial magazine Caixin and other reports said Zhuang Yonghui, former chairman of Yantai Bank, was being questioned in a corruption case that has implicated more than a dozen people.

The bank’s former president was arrested earlier this year on embezzlement charges.

Other cases have involved officials at the Agricultural Bank of China and other, smaller banks.


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