Dong Wenbiao, former president of China’s Minsheng Bank, has denied rumours that he is under investigation by graft busters. Last week the bank was caught up in a corruption scandal when Mao Xiaofeng, Dong’s successor as president, was taken away by anti-corruption investigators. Mao, who was reported by mainland media to have resigned for “personal reasons”, was detained last weekend. The South China Morning Post reported at the weekend that Mao was “assisting the anti-corruption investigation” into former presidential aide Ling Jihua . This led to speculation by overseas Chinese media – citing an anonymous source within the central anti-graft agency – that Dong was also under investigation and was facing travel restrictions to prevent him leaving the country. However, Dong denied these rumours at last night’s opening ceremony of the Hana Bank (China), a subsidiary of the South Korean-based bank. He told several mainland media at the event in Beijing, including the 21st Century Business Herald and China Business News , that he would be continuing to take an active part in future business events involving his company. “Those rumours about me are absolute rubbish,” the Herald reported Dong as saying. “All the time, we have been working in teams and working professionally.” Dong worked for Minsheng Bank for nearly two decades until last year. He was appointed the bank’s deputy chief executive, when it was established in 1996, and in 2000 he was promoted to be chief executive, and later president. He resigned from the bank last August. Currently, Dong heads Minsheng Invest, which was set up by the All-China Federation of Industry and Commerce and has provided capital investment to more than 50 private companies. Dong is also a vice-chairman of the Federation.