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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

Former Bank of China boss arrested on corruption charges

Bank of China logo seen at a finance conference in shanghai
The Bank of China ranks as one of the top 11 banks in importance to the global financial system. Photograph: Costfoto/NurPhoto/Shutterstock

China has arrested the former head of one of the country’s largest commercial banks on charges of accepting bribes and illegally granting loans, amid a two-year anti-corruption drive targeting the financial sector.

China’s Central Commission for Discipline Inspection (CCDI), which is investigating corruption within the ruling Communist party, said on Monday that Liu Liange had been arrested, after announcing the start of the investigation in March.

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