China’s Communist Party expels former head of Exim Bank over corruption

Dai Shihong was found to have taken bribes and abused his position to seek benefits for others, the country's anti-graft watchdog said.

A man walks past the lobby of the Export-Import Bank of China (EXIM) headquarters in Beijing | Reuters file photo

Beijing: Dai Shihong, a former head of the Export-Import Bank of China’s Yunnan branch, has been expelled from the Communist Party and dismissed from public office, the anti-graft watchdog said in a statement on Friday.

Dai was found to have taken bribes and abused his position to seek benefits for others, it said.

(Reporting by Beijing Newsroom; editing by Jason Neely)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.