SHANGHAI, Oct 7 (Reuters) - China’s ruling Communist Party has expelled the former chairman of the state-owned Bank of China from the party, accusing him of illegal activities and taking bribes, the top anti-graft watchdog said on Saturday.
Liu Liange was accused of illegally granting loans and causing significant financial risks, the Central Commission for Discipline Inspection (CCDI) said in a statement on its website.
He also brought prohibited publications into the country and illegally took bribes and accepted entertainment at private clubs and ski resorts, said the commission, which is responsible for tackling corruption in the 97 million-member party.
Two weeks later, state media reported that the CCDI had opened an investigation into him on suspicion of serious violations of party discipline and laws.
Fighting corruption to advance the party’s “self-revolution” has been a signature policy of President Xi Jinping since he became supreme leader in 2012.
Xi’s campaign against corruption is popular among a public fed up with widespread graft.
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