Postal Savings Bank of China said its president Tao Liming and another official are, because of suspicions of personal "economic problems," currently "assisting" an investigation by relevant departments, according to a statement posted on the lender's website on Monday.
The bank issued the statement after Caixin Online reported earlier on Monday that Tao has been placed under shuanggui, a form of detention imposed on Party officials.
Agencies - China Daily
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