China expels former ICBC Shanghai head from Party, public office over bribery allegations

China expels former ICBC Shanghai head from Party, public office over bribery allegations

The Straits Times - Asia·2019-11-20 13:06

BEIJING (REUTERS) - The former head of Industrial and Commercial Bank's (ICBC) Shanghai branch, Gu Guoming, has been dismissed from public office and expelled from the Communist Party over bribery allegations, China's top anti-graft body said on Wednesday (Nov 20).

The Central Commission for Discipline Inspection (CCDI) said Gu was "suspected of taking an extremely large amount of bribes" and was alleged to have used state-owned financial resources as "bargaining chips with unscrupulous businessmen".

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