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Former chairman of state-owned bank China Everbright Group arrested over suspected corruption

Former China Everbright Bank's Chairman Tang Shuangning is shown at the Hong Kong Stock Exchange on Dec. 20, 2013. Prosecutors said on Jan 15, 2024, that Tang had been arrested on suspicion of corruption. [Reuters]

The former chairman of state-owned Chinese bank China Everbright Group has been arrested on suspicion of embezzlement and bribery, prosecutors said in a statement Monday, amid an intensified campaign against corruption.

The investigation into Tang Shuangning, the former party secretary and chairman of China Everbright Group, has ended, and the case would be "transferred to the procuratorate for review and prosecution," China's Supreme People's Procuratorate said in a statement.

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