The Supreme People's Procuratorate issued a notice on October 26 disclosing that Tian Huiyu,
the former Secretary of the Party Committee and President of China Merchants Bank Co., Ltd.,
was suspected of accepting bribes, abusing power by state-owned company personnel, and
using undisclosed information to trade. It said a few days ago, the Supreme People's
Procuratorate made a decision to arrest Tian Huiyu in accordance with the law. It was reported on October 8 this year that Tian Huiyu was "double-opened" after research at the meeting of
the Standing Committee of the Central Commission for Discipline Inspection, it was decided
to give Tian Huiyu the punishment of expulsion from the party; Dismissal from public office ;
confiscate his illegal income; transfer his suspected crime to the procuratorate for examination
and prosecution according to law, and transfer the property involved together. Tian Huiyu was
investigated on April 22 this year. Tian Huiyu holds a Master's Degree in Public Administration
from Columbia University and is a senior economist. He has been working in the financial
system and has served as the Vice President of Bank of Shanghai, Vice President of China
Construction Bank Shanghai Branch, President of China Construction Bank Shenzhen Branch,
Director of Retail Business of China Construction Bank and President of Beijing Branch of
China Construction Bank. Since May 2013, he has served as the President of China Merchants
Bank, and has been under investigation for nearly 9 years.
(Comment: This is the first 'tiger' to fall after the 20th Party Congress.)
|
