As the Chinese Communist Party (CCP) continues to purge its financial system, state media recently revealed that a number of bank executives have committed suicide or died suddenly. According to the authorities of Yingshan County, Hubei Province, Wang Shengyong, the president of the Yangtze River Village Bank in the county, died of carbon monoxide poisoning on Dec. 5 at the age of 54 years old. It was reported that Wang committed suicide after using his position to defraud depositors of 40 million yuan (about $5.6 million) under the guise of capital raising.
According to official media reports, Du Haitao, deputy general manager of Industrial and Commercial Bank of China (ICBC) Credit Suisse Asset, died of a heart attack while running on Dec. 13 at the age of 49. Born in 1974, Du was deputy general manager of ICBC Credit […]
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