China's Communist Party expels ex-chairman of China Development Bank

A former chairman of the China Development Bank, Hu Huaibang, has been expelled from the country's ruling Communist Party for serious violations of discipline, the party's graft watchdog said on Saturday. An investigation found that Hu had "lost his ideals and convictions" and had committed violations such as using his post to illegally benefit others, abusing his power, and allowing his family members to "complain about property", said the statement by the Central Commission for Discipline Inspection (CCDI). The CCDI also said it would seize his illegal income and transfer his case to the judicial bodies.

Read more: https://news.yahoo.com/chinas-communist-...

Similar news

Stalled talks with U.S. not good for North Korea, South Korea tells China 0 0 0
THE CLINTON BODY COUNT Part 1: "Mena" 0 0 0
China to lower import tariffs on some products starting Jan. 1 0 0 0
AR IN SOCIAL MEDIA: How immersive experiences drive sales, improve customer engagement, and boost awareness (FB, SNAP) 0 0 0
Asia stocks fall; China to cut tariffs on over 850 products 0 0 0
"Syrian army stops missile fired from Israel" 0 0 0
China, South Korea, Japan Meet Over Trade, Regional Disputes 0 0 0
China to cut import tariffs on a range of products starting January 1 0 0 0
China will lower import tariffs on over 850 products from January 1, finance ministry says 0 0 0
AI IN BANKING: Artificial intelligence could be a near $450 billion opportunity for banks — here are the strategies the winners are using 0 0 0