After retiring for 4 years, former Vice President of China Construction Bank, Zhang Geng, was arrested shortly before his birthday.
According to the Supreme People’s Procuratorate’s report on May 21, Zhang Geng, former party committee member and vice president of China Construction Bank, was involved in a case of bribery and illegal loan issuance. The investigation has concluded, and the case has been transferred to the procuratorial organs for review and prosecution. Recently, the Shandong Provincial People’s Procuratorate made the decision to arrest Zhang Geng on charges of bribery and illegal loan issuance.
Zhang Geng was born in May 1960 and had a long career at China Construction Bank. By December 2010, he had become a senior member of the bank’s management team. In April 2013, he was appointed as the vice president of China Construction Bank, and also held positions such as executive director until December 2020. China Construction Bank announced that due to “age reasons,” Zhang Geng resigned from his positions as executive director and vice president.
After 4 years of retirement, Zhang Geng was investigated on November 8, 2024. On April 23 of this year, Zhang Geng was expelled from the party.
Zhang Geng is accused of engaging in “superstitious activities”; accepting gifts, cash, consumption cards, participating in arranged travel activities and banquets at public expense; using his position to seek benefits for others in the recruitment process; illegally owning shares of non-listed companies; using his power to benefit friends and family in business activities; abusing loans for personal gain; engaging in corrupt practices by using public power as a tool for personal gain, engaging in power-money transactions, using his official position to profit from credit approvals and loan approvals at banks for others, and unlawfully accepting huge sums of money; violating regulations on loan issuance, causing significant losses, and more.