Former chairman of China Zheshang Bank under investigation

BEIJING (Reuters) – Former chairman of China Zheshang Bank is under investigation for suspected violations of law and discipline, an anti-graft watchdog in the eastern province of Zhejiang said on Monday.

Shen Renkang, also former party chief of the joint-stock commercial bank based in Zhejiang, was removed from his management roles in January last year, the watchdog said in a statement.

Shen, born in 1963, had served as deputy mayor of Lizhui city in Zhejiang province and mayor of Quzhou city in Zhejiang.

(Reporting by Ziyi Tang and Ryan Woo; editing by Jason Neely)

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