Former Bank of China chairman Liu Liange is indicted on bribery charges
The former chairman of the Bank of China, Liu Liange, has been accused of bribery.
This is part of a crackdown on corruption in the country by Chinese leader Xi Jinping. Liu is accused of using his position at the bank and previously as president of the Export-Import Bank of China, the Supreme People’s Procuratorate said in a statement posted on social media.
He has been charged with helping others with loans and jobs in return for property and money.
He's also accused of breaking rules when giving out loans, which caused big losses for the bank. These charges against Liu were made in Jinan city, in eastern China's Shandong province.
The Bank of China is one of the country's biggest banks with many branches overseas. Xi's campaign against corruption has proved popular in China. Last month Tang Shuangning, former chairman of China Everbright Group, another state owned bank, was arrested on suspicion of embezzlement and bribery.
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The previous boss of a state-owned company managing assets was executed last year for taking bribes, while others have been given lengthy jail sentences.
Xi gave a speech to the ruling Communist Party's discipline unit early this year, urging more efforts to win the long and tough fight against corruption as "the situation remains grave and complex," according to Xinhua News.
In other sectors, the former lead of China's Football Association was put on trial last month, accused of pocketing bribes.
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