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Caixin Global
Caixin Global
Business

EXPLAINED: Former cdb henan branch head gets 10 years in prison - The Real Truth

Fu Xiaodong (middle), 61, was the president of the Henan branch of China Development Bank

What’s new: Fu Xiaodong, former Henan branch head of China Development Bank (CBD), was sentenced to 10 years in prison for taking 4.3 million yuan ($625,670) of bribes, according to a court in northwestern China’s Ningxia autonomous region.

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