China Development Bank accused of using his position for corruption

Beijing, China: Prosecutors have accused He Xingxiang of taking advantage of his positions to seek benefits for enterprises and individuals and accepting a huge amount of money and valuables in return.

He was also accused of issuing financial bills in serious violation of regulations and granting a huge amount of loans in violation of state regulations.

The top official also concealed large amounts of overseas bank deposits, according to Xinhua.

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