Mongolia|life|September 30, 2015 / 04:00 PM
China charges former regional bank chief with graft

AKIPRESS.COM - corruption2 The former head of a local lender in China's northern region of Inner Mongolia will be prosecuted for suspected corruption, bribery and embezzlement, the state prosecutor said on Wednesday, the latest in a series of bankers to be targeted for graft, reports Reuters.

Yang Chenglin, former board chairman of the Bank of Inner Mongolia, defrauded the bank and sought personal profits by embezzling large sums of money from the bank, the prosecutor said.

Calls and a fax to the bank's board secretary were not answered. It was also not possible to reach Yang for comment.

Bank of Inner Mongolia, based in regional capital Hohhot, was set up in 1999 and was renamed in 2009 from Hohhot City Commercial Bank. The bank now has 106 branches, including three in Shanghai and Beijing, according to its website.

All rights reserved

© AKIpress News Agency - 2001-2019.

Republication of any material is prohibited without a written agreement with AKIpress News Agency.

Any citation must be accompanied by a hyperlink to

Our address:

189 Moskovskaya st., Bishkek, the Kyrgyz Republic


Tel/Fax: +996(312)65-03-06

Follow us: