Head of Postal Savings Bank Arrested over Criminal Charges
(Beijing) – The president of Postal Savings Bank of China was arrested in late December on criminal charges, including illegal fund-raising, taking bribes and making loans illegally, a source close to investigators says.
The bank has not appointed a successor to Tao Liming, 59, who was taken into custody for questioning by the Communist Party's anti-graft watchdog in June. The chief of the bank's financial institutions department, Chen Hongping, was detained at the same time.
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