Former board chairman of China Huarong Asset Management under arrest

Xinhua
Lai Xiaomin, former board chairman of China Huarong Asset Management Co Ltd has been formally arrested, said the Supreme People's Procuratorate Wednesday.
Xinhua

Lai Xiaomin, former board chairman of China Huarong Asset Management Co Ltd has been formally arrested, said the Supreme People's Procuratorate Wednesday.

The second branch of the Tianjin People's Procuratorate has been processing Lai's case after the National Supervisory Commission completed the investigation and handed it over, the SPP statement said.

The Communist Party of China Central Commission for Discipline Inspection and NSC announced in October that Lai was expelled from the Party and dismissed from office for multiple violations.  


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