Bank Presidents Die Due to Pressure
In 2023, at least 96 financial executives have fallen from grace, and 38 people have been investigated in the five major state-owned banks.
“The suicide of bank presidents show that the central [authority] doesn’t take responsibility anymore. Whoever lends out the money is responsible,” Wang Donglan (a pseudonym), former vice president of a bank in Shandong Province, told The Epoch Times on Dec. 20.
“In the past, enterprises were encouraged to operate in debt.
Some enterprises did not meet the conditions for loans, but through interpersonal connections, they got the loans anyway.
“No one asked about it for so many years. Now for the year-end check, someone must be held accountable, can the bank presidents not be anxious?
Which sum of money was loaned out without the presidents’ sign?
Choosing to commit suicide may be able to save their families or assets.”
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