Ex-head of state-owned Chinese bank charged with graft

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Chinese authorities say the former head of one of China's largest banks has been charged with corruption. Tao Liming, ex-president of the Postal Savings Bank of China, is accused of crimes including bribe-taking and embezzlement of public funds, the Supreme People's Procuratorate (SPP) said in a statement. The state-owned Postal Savings Bank claims to be China's fifth-largest banking institution by client and deposit numbers. Tao became head of the bank in 2007 but came under investigation for graft in 2012.

Read the story in Channel News Asia.

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