A former chairman of the China Development Bank, Hu Huaibang, has been expelled ...
FILE PHOTO: China Development Bank Chairman Hu Huaibang attends the Asian Financial Forum in Hong Kong, China January 15, 2018. REUTERS/Bobby Yip
An investigation found that Hu had “lost his ideals and convictions” and had committed violations such as using his post to illegally benefit others, abusing his power, and allowing his family members to “complain about property”, said the statement by the Central Commission for Discipline Inspection .
The graft watchdog in July announced that Hu was being investigated for suspected serious violations of discipline, though at the time it did not give any details of the breaches.
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