127 bank officials held for corruption in China

BEIJING: China has detained 127 officials from its banking industry, including presidents and chief of local branches, for their alleged involvement in corruption, the latest to get netted in President Xi Jinping's anti-graft campaign.

Among the detained, half of them were banks presidents or chief of local branches, state-run People's Daily reported.

They were accused of bribery, embezzlement, illegal lending and other illicit acts, it said.

China's massive anti-corruption campaign has led to thousands of arrests and convictions on graft charges so far.

The campaign is targeting at both "tigers and flies", high and low ranking officials, the report said.

These were among thousands of officials of the party, including 35 Generals of the Chinese Military, who faced anti-corruption probes in the anti-graft campaign launched by Xi since he took over power in 2013.

An anti-corruption probe in the anti-graft campaign has been launched by Xi since he took over power in 2013.