Bank of China Hong Kong said two top executives were being questioned about "unauthorised distribution for personal purposes of certain funds belonging to the controlling shareholder of [BOCHK's] former constituent banks" prior to the bank's flotation in July 2002. It said Zhu Chi and Ding Yansheng, both deputy chief executives suspended by BOC Hong Kong (Holdings), were being investigated in connection with the corruption case involving the branch's fired bank chief executive Liu Jinbao. BOC HK made the announcement through Hong Kong's stock exchange. The news comes as parent BOC, China's big foreign-exchange bank, continues its search for strategic investors ahead of its planned flotation next year.
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