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Liu Liange is also accused of illegally granting loans. The Chinese Communist Party’s disciplinary committee announced at the end of March that it would be investigating the 62-year-old. On October 7, the supervisory body announced that the former party secretary had been expelled from the Communist Party.
Liu, a senior party member and former key figure in the financial sector, is once again embroiled in the ongoing anti-corruption campaign. In 2012, state and party leader Xi Jinping declared war on “flies and tigers” – a metaphorical way of identifying corrupt party cadres, large and small.
The disciplinary committee reports almost daily on investigations against people in the party, which has approximately 98 million members. Mostly it is about the ongoing problem of corruption.
According to state media, authorities have been investigating eight other high-ranking managers of state-owned banks since March. In January, the disciplinary committee referred to its fight against corruption in areas where there is a high concentration of power and money. These include the financial sector, state-owned enterprises, law enforcement agencies and the country’s own grain purchasing system, as the Global Times reported.
(SDA)
Source: Blick
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
