Moscow. December 8. The largest Bank of China Industrial & Commercial Bank of China (ICBC) was sentenced to 137 employees for various offenses deemed to be a violation of Communist party discipline, including acceptance of gifts or the conduct of their business, reports Bloomberg.
Fourteen officials were expelled from the party or dismissed from their posts, others were issued warnings, the report of the disciplinary Committee of the Bank.
Anti-corruption Commission of the Communist party of China in October outlined plans to conduct extensive background checks in the financial sector of the country.
Among the violations identified in ICBC, the participation of employees in the tourist trips organized by the clients, their business, and acceptance of gifts from subordinate employees as part of a wedding or funeral ceremonies.
In addition to the five largest state-owned banks, anti-corruption Commission will check the employees of the Central Bank of the country, regulators of the banking and insurance sector and securities market – in total, testing will be done in 31 organizations.
Previously, Citic Group announced that 37 of its employees were punished for various violations, including excessive spending on international trips.
In addition, punishments have been employees of the brokerage Shenwan Hongyuan Securities company and Construction Bank.