Zhou Qingyu, former vp of one in all China’s largest state-run banks, is accused of taking bribes and misusing his position. (Image: @BowenLuke/X)
Zhou Qingyu is accused of soliciting bribes utilizing his affect and in addition is accused of taking bribes himself.
A former high official at one in all China’s largest state-run banks has been arrested for alleged bribery, state media reported Thursday, as Beijing cracks down on corruption within the nation’s monetary sector.
The case of Zhou Qingyu, a former vp of the China Development Bank, “has been transferred… for examination and prosecution”, state information company Xinhua reported, citing the nation’s high prosecutor.
Zhou, 61, was underneath investigation for “taking bribes and using his influence to solicit bribes”, based on Xinhua.
A court docket in northeastern Jilin province “has taken the decision to make an arrest, and the case is being further handled”, the state information company mentioned.
China’s President Xi Jinping has waged a sweeping marketing campaign in opposition to deep-seated official corruption since coming to energy a decade in the past.
Proponents say the coverage promotes clear governance, whereas critics say it helps Xi purge political rivals.
Recently, the marketing campaign has focused a few of the nation’s high financiers.
Last month, Sun Deshun, the previous president of the state-owned China Citic Bank, was sentenced to life in jail for illegally receiving property valued at over $130 million.
The former vice chief of the Industrial and Commercial Bank of China and a onetime Bank of China chairman are amongst a number of others underneath investigation.
