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Bank of East Asia China Executive Detained on Bribe Charge

  • Executive held in China on suspicion of taking bribes: Cailian
  • Lender says it has stringent internal controls in place
The Bank of East Asia building in Beijing.

The Bank of East Asia building in Beijing.

Photographer: Giulia Marchi/Bloomberg
Updated on

A senior executive of Bank of East Asia Ltd.’s China unit has been detained on suspicion of accepting bribes, according to a report by Cailian.

Bank of East Asia (China) executive vice president and head of Northern China, Chen Zhiren was detained on July 19 and is being held in Beijing, according to the report, which said the investigation is related to bank loans.