China’s Supreme People’s Procuratorate on Wednesday ordered the arrest of Tian Huiyu, former president of China Merchants Bank (CMB), for suspected bribe-taking, abuse of power, and trade on undisclosed information.
The case was transferred to procuratorial authorities for prosecution following the conclusion of an investigation by the National Commission of Supervision.
Tian was also former secretary of the CMB Committee of the Communist Party of China.
The handling of the case is underway
The 56-year-old had served as president of CMB, one of China’s largest commercial banks, for almost nine years.
Before that, he was a senior executive at China Construction Bank Corp. (CCB), one of the country’s “Big Four” state-owned banks, and was president of CCB’s Shenzhen branch from 2007 to 2011.(Xinhua/NAN)
