Ha Hung Tuong, Vice Chairman of the Chinese Development Bank, was arrested to investigate the doubts about corruption behavior.

According to today's announcement of the Chinese Communist Party Committee's Discipline (CCDI), Ha Hung Tuong, 58, is being investigated due to suspicion of disciplinary discipline and legal violations and phrases

Logo of China Development Bank at a trade fair in Beijing in September 2020.

Before joining the Chinese Development Bank (CDB), Mr. Ha worked at China Bank, one of 4 state-owned commercial banks, then holding the vice president of agricultural development banks and then moved

Mr. Ha is the third senior executive official of CDB investigated since China conducts anti-corruption campaigns.

In 2016, Dieu Trung People, former Deputy Secretary Party Committee and Head of CDB's Supervisory Board, was also sentenced to 14 years in prison for accepting bribes 36.2 million yuan (US $ 5.6 million).

CDB, one of the three leading Chinese policy banks, is responsible for providing loans worth thousands of billions of yuan under the guidelines of the Government, playing an important role in funding projects.