China's financial sector has been plagued by a series of new corruption investigations and a sudden rise in audits of investment funds. Since February, more than 10 executives have been investigated or punished. In the most high-profile case, Liu Liang, former chairman of the Bank of China, one of the country's largest banks, came under investigation at the end of March. Financiers involved in financial leasing deals, equipment loans, and logistics services in industrial sectors are also subject to “CCDI” investigations. Among them is Kong Lin, who previously headed the leasing department of the Industrial and Commercial Bank of China ICBC, the world's largest bank.
Source (Al-Arabiya.net Website, Edited)
