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Caixin Global
Caixin Global
Business

Former CDB Henan Branch Head Gets 10 Years in Prison

Henan Prison China Development Bank Ningxia
Fu Xiaodong (middle), 61, was the president of the Henan branch of China Development Bank

What’s new: Fu Xiaodong, former Henan branch head of China Development Bank (CBD), was sentenced to 10 years in prison for taking 4.3 million yuan ($625,670) of bribes, according to a court in northwestern China’s Ningxia autonomous region.

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