The former chairman of the Bank of China, Liu Liange, has been expelled from the Communist Party of China for illegal activities and accepting bribes.
China’s ruling Communist Party expelled former Bank of China chairman Liu Liange, accusing him of illegal activities and bribery. The Central Commission for Discipline Inspection (CCDI) stated that Liu granted illegal loans and caused financial risks. He was also charged with importing prohibited publications, accepting bribes, and enjoying entertainment at private clubs and ski resorts. Liu, who had been working in various banking and finance institutions, resigned from the Bank of China in March 2021. President Xi Jinping’s anti-corruption campaign has been popular, aiding his consolidation of power and removing rivals.
Source : China Expels Former Bank of China Chairman From Communist Party
