Caixin OnlineFinance & EconomicsTop Stories Finance ABC Executive Is Target of Three Inquiries
06.04.2012 16:05

ABC Executive Is Target of Three Inquiries

Yang Kun case is linked to Beijing property developer, Dalian Shide Group and sacked PLA general
By staff reporter Wen Xiu

(Beijing) – Yang Kun, a vice president at Agricultural Bank of China, has been detained by the party's disciplinary department for investigation in three separate cases, Caixin learned from multiple sources.

One of the cases involves loan agreements ABC signed with a property developer, whose effective owner, Wang Yaohui, allegedly used bank loans to repay gambling debts worth several billions of yuan.

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