BEIJING: According to state media reports released on Monday, October 16, citing the nation’s leading counsel, the former president of the Bank of China has been fully detained on suspicion of corruption.
The state-owned banks announced in February that Liu Lian’ge, 62, had resigned as president and was no longer the leader of the Communist Party.
The following month, Liu was under investigation for alleged” severe violations of discipline and law ,” according to China’s top anti-corruption watchdog.
Chinese President Xi Jinping has launched a broad plan against pervasive official corruption since taking office in 2012.
The legislation, according to supporters, encourages good governance, while detractors assert that it aids in Xi’s purging of political adversaries.
The Supreme People’s Procuratorate” took the decision to hold Liu Lian’ge on fear of taking money and improperly granting loans ,” according to state news agency Xinhua on Monday.
According to Xinhua, his case has” been transferred to the procuratorate for review and prosecution … and is currently under further processing.”