Former Bank of China vice-president expelled from Party

Lin Jingzhen, former vice-president of the Bank of China, has been expelled from the Communist Party of China for severe disciplinary violations, the country's top anti-corruption authorities announced on Friday.

Lin, 60, a native of Fujian province, was placed under investigation in September, which was carried out by the CPC Central Commission for Discipline Inspection and the National Commission of Supervision.

The investigation revealed that Lin possessed, read, and distributed books with serious political issues, unlawfully accepted gifts, participated in banquets and travel activities that could have compromised his official duties, improperly accepted travel services from others, and frequented private clubs.

He was also found to have sought benefits for others during employee recruitment in exchange for money and valuables, illegally held shares in non-listed companies, and had others pay expenses that he should have covered himself, according to the investigation.

Additionally, he exploited his authority over credit to serve personal interests, engaged in significant power-for-money exchanges, used his position to secure benefits for others in areas such as loans and financing, and illegally accepted large sums of money and valuables.

In line with Party regulations and laws, the decision was made to expel him from the Party, confiscate his illicit gains, and hand over his case to prosecutors for further review, the commissions said.