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THE former president of the Agricultural Bank of China, Zhang Yun, has been demoted from all his posts and placed on a two-year probation due to “severe disciplinary violations,” a statement said yesterday.
Zhang should also be punished by being downgraded to a post lower than vice manager in the bank, the Central Commission for Discipline Inspection, the Party’s anti-corruption body, said in the statement.
The former president of China Everbright Bank, Zhao Huan, 52, will replace Zhang after approval by the board, said an AgBank statement.
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