Dozens of China’s state regulators, bankers, finance bosses in corruption net as crackdown stepped up in new year
The Central Commission for Discipline Inspection, China’s top anti-corruption agency, said in a statement on its website on Thursday that Lou was under investigation for “serious violations of party discipline and the law” – a familiar euphemism for corruption. Lou was in charge of handling bad debts at the bank until he retired in 2017.