Former president of Bank of China expelled from CPC
BEIJING, Oct. 7 (Xinhua) -- Liu Liange, former Party chief and president of the Bank of China, has been expelled from the Communist Party of China (CPC) over severe violations of discipline and law.
His punishment was announced Saturday in an official statement from the CPC Central Commission for Discipline Inspection and the National Commission of Supervision.
They found that Liu had violated rules to wantonly meddle in credit projects and issue loans illegally, causing significant financial risks.
He had seriously damaged the political environment of his unit and attempted to obstruct the investigation into his case.
Liu failed to faithfully report his personal information and engaged in business operations in violation of regulations.
The investigation also found that he had abused his power to seek benefits for others in financing and project cooperation and accepted massive amounts of money and gifts in return.
In line with Party regulations and laws, a decision has been made to expel him from the Party, confiscate his illicit gains, and hand over his case for judicial proceedings.
The statement said that Liu's qualification as a delegate to the 20th CPC National Congress was also terminated.
Related articles
Refugee agency chief warns that the number of Syrians leaving Lebanon is likely to rise
BRUSSELS (AP) — The number of Syrian refugees leaving Lebanon is likely to keep rising, the head of2024-05-01Xi: The Strait cannot sever kinship
Strait: Ma calls for more exchangesXi Jinping, general secretary of the Communist Party of China Cen2024-05-01- The newly upgraded military initiatives of Japan's alliance with the United States are escalating co2024-05-01
UN General Assembly resolution demands end of U.S. embargo on Cuba
Hundreds of young people participate in a rally against U.S. embargo in Havana, Cuba, Aug. 5, 2021.2024-05-01Finnish hacker imprisoned for accessing thousands of psychotherapy records and demanding ransoms
HELSINKI (AP) — A Finnish court on Tuesday sentenced a 26-year-old man to six years and three months2024-05-01China takes countermeasures against U.S. companies selling arms to Taiwan
(ECNS) -- China on Thursday announced countermeasures against General Atomics Aeronautical Systems a2024-05-01
atest comment