China Probes Former Bank of China Chairman Liu Liange
- Liu suspected of ‘serious violations’ of law and discipline
- Probe of financial sector has ensnared dozens of officials
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Chinese authorities opened a probe into former Bank of China Ltd. Chairman Liu Liange, the most senior banker to become implicated in a broad crackdown on corruption in the financial sector that was unleashed in late 2021.
Liu is suspected of “serious violations of discipline and law,” the Central Commission for Discipline Inspection and the State Supervision Commission said in a one-sentence statement.