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Former chairman of China Huarong Asset Management arrested

chinadaily.com.cn | Updated: 2018-11-07 10:22
File photo of Lai Xiaomin.[Photo/IC]

Lai Xiaomin, former Party secretary and chairman of the board of Huarong Asset Management, has been arrested on the orders of the second branch of the People's Procuratorate of Tianjin Municipality.

Lai was investigated by the State Committee of Supervisory and his case was transferred to the procuratorial organs for examination and prosecution. Further investigations are underway.

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