Ex-Chairman China Bank arrested 

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Liu Liange, the ex-chairman of the Bank of China, has been arrested on corruption charges

Liu’s arrest comes about a week after he was expelled from the ruling Chinese Communist Party following accusations of wrongdoing by the country’s anticorruption watchdog.

The Central Commission for Discipline Inspection accused Liu of a range of illicit activities, including illegally granting loans, bringing banned publications into the country and using his position to accept bribes and other perks.

Liu is a prominent figure in China’s financial circles, having previously held senior positions in the central bank and the Export-Import Bank of China.

Chinese President Xi Jinping has waged an exhaustive campaign to weed out corruption since coming to power in 2012.

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