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The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption

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Published 4:23 AM

BEIJING (AP) — The former chairman of the state-owned Bank of Beijing is under investigation for corruption, the latest in a series of graft investigations focused on the country’s financial sector. Yan Bingzhu, who led the bank since its establishment in 1996 and until he retired in 2017, is among several top officials being probed for “seriously violating discipline and the law,” according to a notice published on the city of Beijing’s official website on Friday. He is the latest official to be probed for graft as part of President Xi Jinping’s decade-long anti-corruption campaign that critics say has been used partly to remove his political rivals.

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