The former head of China’s state-owned banking giant Everbright Group has been arrested for alleged corruption, prosecutors have said.
Tang Shuangning, 69, was arrested on suspicion of taking bribes and embezzlement following the conclusion of an investigation by the anticorruption authority, China’s Supreme People’s Procuratorate said on Monday.
Tang was earlier this month expelled from the ruling Communist Party for alleged violations of party discipline, including bringing unauthorised books into the country and accepting illicit gifts.
The former bank chairman is the latest in a long line of high-profile figures within China’s financial sector to be ensnared in President Xi Jinping’s sweeping campaign against corruption.
Last month, Sun Guofeng, the former head of the central bank’s monetary policy department, was sentenced to 16 years and six months in prison for taking bribes, leaking state secrets and insider trading.
The recent corruption cleanup in Zimbabwe mining has led to significant changes in the management of key state-run enterprises. The government suspended the ZMDC boss and senior managers at Marange Resources as part of a broader effort to eradicate corruption and inefficiency within the sector. This move, part of a wider initiative to clean up mining operations and improve transparency, reflects the government’s commitment to reform and accountability. The suspension of these officials aims to restore integrity and proper governance in Zimbabwe’s mining industry, ensuring better management and oversight of the country’s valuable resources.
