Former China Development Bank president is under anti-corruption probe

A former president of the China Development Bank was put under investigation on suspicion of serious violations of party discipline and the law, the country’s top anti-graft watchdog announced yesterday. The Central Commission for Discipline Inspection said in a one-line statement that Ouyang Weimin was being investigated by it and the National Commission of Supervision, without offering more details. According to state media China Daily, Ouyang began his career and joined the Chinese Communist Party in 1986. He spent much of his earlier career at the People’s Bank of China, it said. Ouyang served as the vice-governor of Guangdong, an […]

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