June 11, 2012
Postal Savings Bank of China Co., Ltd. (PSBC) today confirmed that its bank governor Tao Liming (陶礼明) is under investigation due to corruption. Several middle managers of the bank have also been taken away to assist in the investigation.
The statement from the bank stated that the bank’s business operations will not be affected.
Mr. Tao Liming became the governor of Postal Savings Bank in March 20, 2007.