China Investigates Former Development Bank President

China's anti-corruption watchdog is investigating Ouyang Weimin, the former president of the China Development Bank, for possible serious rule-breaking and legal issues.

This investigation is part of China's ongoing efforts to root out corruption in important financial institutions.

The bank is known for funding big government projects both inside and outside China.

This isn't the first time a high-ranking official from the bank has been investigated.

Last year, a former vice president was sentenced to 12 years in prison for taking bribes.

In 2019, the former chairman of the bank was also investigated for corruption.

These cases show that China is serious about keeping its financial leaders honest and accountable.