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Large Medium SmallPostal Savings Bank of China said its president Tao Liming and another official are, because of suspicions of personal "economic problems," currently "assisting" an investigation by relevant departments, according to a statement posted on the lender's website on Monday.
The bank issued the statement after Caixin Online reported earlier on Monday that Tao has been placed under shuanggui, a form of detention imposed on Party officials.
Agencies - China Daily
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