[Epoch Times August 16, 2021]On August 13, Zhong Daohua, senior manager of the General Affairs Department of the China Development Bank (hereinafter referred to as China Development Bank), was investigated. According to reports, Zhong Daohua is relatively high-profile, buying a house in a wealthy area.
The public resume shows that Zhong Daohua has been with China Development Bank since March 1994 for 27 years. From June 2011 to September 2019, he successively served as deputy director of the second project management division, director of the first project management division, director of the security division, and director of the administrative affairs management division of the Infrastructure Project Coordination Office of the China Development Administration Bureau; Since September 2019, he has served as the senior manager of the General Affairs Department (Director-level) of China Development Bank.
The mainland Caixin website quoted people familiar with the matter as saying that Zhong Daohua was investigated a week ago. He used to be the driver of Yao Zhongmin, former vice president and chairman of the board of supervisors of China Development Bank. Yao Zhongmin was sentenced to 14 years in prison in August 2017.
Zhong Daohua was in charge of infrastructure projects in the general affairs department of the bank. “This department has a lot of oil and water. It is responsible for the food, drink and Lhasa of the whole bank. It used to be responsible for purchasing. The department is also responsible for the bidding and decoration of office building construction of various branches, and the authority is too concentrated.” A CDB insider said.
On May 20, 2019, Long Yanjun, director of the Infrastructure Project Management Office of the Administrative Affairs Bureau of China Development Bank, was dismissed. Last year Long Yanjun was sentenced to 10 years in prison.
Zhong Daohua and Long Yanjun are colleagues of the Infrastructure Project Coordination Office of the Departmental Administrative Affairs Bureau. According to the above report, people from China Development Bank revealed that Zhong Daohua may also be due to problems in the infrastructure project.
Since the beginning of this year, 8 people have been dealt with in China Development Bank, including Hu Huaibang, the former chairman of China Development Bank, who was sentenced to life imprisonment; Yang Degao, former deputy president of the Hubei branch of China Development Bank was expelled from the Chinese Communist Party; Former president Wang Xuefeng was double-opened; Zhang Maolong, former operations director of China Development Bank, Xu Weihua, former president of China Development Bank’s Hainan branch, Lin Fang, former president of China Development Bank’s Hubei branch, and Zhong Daohua were investigated one after another.
“Caixin Weekly” once reported that the projects that Hu Huaibang arranged for China Development Bank to promote, including Huaxin, HNA Group, which have already experienced major cases or endangered companies, are the largest lending banks. Huaxin was the largest case that caused the largest loan loss to the banking industry since 1949, and Hu Huaibang was the most responsible.
According to reports, Huaxin received nearly 100 billion yuan in loan support from China Development Bank, while HNA Group received more than 80 billion yuan in loans from China Development Bank.
Editor in charge: Xu Menger
.