China Banking and Insurance Regulatory Commission: Two major cases involving Shanghai Pudong Development Bank and China Guangfa Bank over 300 persons were punished and accountable
China News Service, Beijing, October 16 (Reporter Wang Enbo) The China Banking and Insurance Regulatory Commission announced on the 16th that in the investigation and handling of two major cases that occurred in the Chengdu Branch of Shanghai Pudong Development Bank and Huizhou Branch of China Guangfa Bank, the agency continued to promote the Accountability processing work.
In the above two cases, more than 300 people were punished and held accountable.
Regarding the illegal granting of loans in Shanghai Pudong Development Bank’s Chengdu Branch, the China Banking and Insurance Regulatory Commission has dealt with the former chairman of the Shanghai Pudong Development Bank’s head office, the then president, and a former vice president, as well as the former president of the Shanghai Pudong Development Bank Chengdu Branch. , 2 deputy governors, 1 department head, and 1 branch manager and other responsible personnel of the branch shall be given administrative penalties, and SPDB will be instructed to deal with relevant responsible personnel seriously.
At present, 311 responsible persons have been held accountable by Shanghai Pudong Development Bank, and many middle and high-level managers have been punished by the party discipline. The local people's court has issued judgments on 21 criminal defendants including the former president of the Chengdu branch of Shanghai Pudong Development Bank.
Regarding the violation of laws and regulations in the Huizhou branch of China Guangfa Bank, the China Banking and Insurance Regulatory Commission has dealt with the former chairman and president of China Guangfa Bank’s head office and other responsible personnel of the head office, as well as the former president, 2 deputy governors, The 2 former secretary of the Commission for Discipline Inspection and 6 persons involved in the case were given administrative punishments to the responsible personnel of the branch, and the head office of China Guangfa Bank was instructed to deal with relevant senior executives and responsible personnel of the head office in accordance with party regulations and internal regulations.
At present, 48 persons responsible have been punished by party discipline and internally accountable. The local people's court has issued first-instance judgments against a total of 12 criminal defendants, including those involved in the case from Guangfa Bank Huizhou Branch and Qiaoxing Group Co., Ltd.
In the investigation and handling of the above two major cases, the China Banking and Insurance Regulatory Commission adhered to the high pressure of penalizing and accountability for violations of laws and regulations, and promoted relevant institutions to improve corporate governance, strengthen the construction of internal control mechanisms, improve compliance management, and strictly implement the prevention and control of cases. Claim.
In the next step, the China Banking and Insurance Regulatory Commission will intensify supervision, deepen the rectification of market chaos, seriously investigate and deal with all types of violations of laws and regulations, and resolutely fight to prevent and resolve major financial risks.
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