Tag: Guangdong Development Bank
GDB Executives Held in Police Custody
The Financial Times has the latest development in China’s anti-corruption struggle: Police have detained two senior executives from Guangdong Development Bank, a mid-sized Chinese lender in which Citigroup owns 20 per cent, on suspicion of economic crimes. Wang Xin, GDB’s vice-president, and another unnamed department head, were detained last week in connection with unspecified economic crimes, aJune 25, 2009 7:57 PM
