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Friday, January 29, 2016

Corruption

A top Chinese banker has killed himself amid a corruption investigation
Changjiang Securities headquarters in WuhanOne of China’s top bankers and a former regulator jumped to his death on Tuesday (Jan.27) morning, after being put under investigation earlier this month by the Communist Party’s anti-graft watchdog.

Yang Zezhu, 62, former chairman of Changjiang Securities, resigned from his post after the mid-sized Chinese brokerage said on Jan. 6 that he was being probed by the Communist Party’s Central Commission for Discipline Inspection for “personal reasons.”

Yang fell to his death from his 12th floor apartment in Wuhan, capital of the central Hubei province, where the brokerage is based. A suicide note was found by police, local news portal cnhubei reported (link in Chinese). The report was cited by other Chinese media, including the official Xinhua news agency, indicating that government officials think it is credible.

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