Former China Development Bank Chair Faces Corruption Probe
Liao Shumin
/SOURCE : yicai
Former China Development Bank Chair Faces Corruption Probe

(Yicai Global) July 31 -- China's Central Commission for Discipline Inspection is investigating Hu Haibang, former chairman of the China Development Bank, for serious violations of the law -- the nation's formal term for corruption -- it said online today.

The CCDI is the highest internal discipline institution of the Communist Party and aims to combat corruption within it. The CDB is a development bank controlled by the cabinet, or State Council.

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Keywords: Hu Haibang , CCDI , China Development Bank