Former China Development Bank President Under Anti-Corruption Probe for Alleged Party Discipline Violations

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China’s top anti-graft watchdog has announced on Sunday that it has opened an investigation into Ouyang Weimin, the former president of the China Development Bank, on suspicion of serious violations of party discipline and the law. The institution said in a statement that the former senior banking figure is among the growing list of China Development Bank executives who have ensnared in the Chinese President Xi Jinping’s long-running anti-corruption campaign.

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