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Former chairman of China Development Bank Hu Huaibang arrested

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Christian Fernsby ▼ | February 13, 2020
Former China Development Bank chairman Hu Huaibang has been arrested for suspected serious violations of discipline, state broadcaster CCTV reported today.
Hu Huaibang
Business in China   Hu Huaibang
Hu had been with the policy bank since 2013 and was also the top official of the ruling Communist Party at the bank.

Topics: China Development Bank arrest

He stepped down last September amid corruption allegations and has been investigated by country’s graft-busting agency since late July. Hu was expelled from the Communist Party for serious violations of discipline in January.