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China Development Bank

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History

2020: The former head was recognized in taking of a bribe in $12.2 million

On July 30, 2020 the former head of the state China Development Bank (China Development Bank, CDB) Hu Huaibang pled guilty of misappropriation over $12 million. Illegal acts of the banker were detected during the anti-corruption campaign of Xi Jinping. Read more here.

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