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China arrests Tian Huiyu, disgraced former CMB president, following Xi Jinping’s pledge of zero tolerance for corruption

  • Authorities completed an investigation of Tian over allegations including taking bribes and abusing power, state media reported on Wednesday
  • Tian was abruptly removed from his post in April and expelled from the Communist Party earlier this month

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Tian Huiyu, former president of China Merchants Bank, was ousted from his post in April and expelled from the Communist Party last month. Photo: Handout
Pearl Liu

The former president of China Merchants Bank (CMB) has been arrested on suspicion of “taking bribes and abusing power”, according to Chinese state-owned broadcaster CCTV, which cited the country’s top prosecutor.

The National Commission of Supervision completed an investigation of Tian Huiyu, the ex-president and former party secretary of the bank, over allegations including taking bribes, abusing power and trading on undisclosed information, CCTV reported on Wednesday afternoon.

The commission handed the case over to prosecutors, and the Supreme People’s Procuratorate decided to arrest Tian, the broadcaster reported.

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Tian was secretary to China’s Vice-President Wang Qishan in the 1990s, according to the People’s Daily.

02:03

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The arrest comes after President Xi Jinping’s warning during the 20th party congress last week that the Communist Party would have zero tolerance for senior cadres who collude with business and would impose the toughest penalties on any offenders.
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