Former China Everbright Group Chairman Tang Shuangning Arrested in Corruption Crackdown

Tang's arrest comes amid intensified anti-corruption campaign led by President Xi Jinping, targeting China's financial sector.

Tang Shuangning, former chairman of state-owned bank China Everbright Group, has been arrested on suspicion of embezzlement and bribery.
Tang was expelled from the Chinese Communist Party earlier this month over violations of disciplines and laws, amid a crackdown on corruption in China's financial sector.
Other allegations against Tang include weakening the party's leadership over the bank, failing to prevent and defuse financial risks, and resisting organizational scrutiny.
Chinese president Xi Jinping earlier this month pledged to intensify a crackdown on graft in the finance, energy and infrastructure sectors.
Tang's successor Li Xiaopeng was also suspected of graft, expelled from the party and removed from public office.