HONG KONG: The former chairman of state-owned Chinese bank China Everbright Group has been arrested on suspicion of embezzlement and bribery, prosecutors said in a statement on Monday, amid an intensified campaign against corruption.

The investigation into Tang Shuangning, the former party secretary and chairman of China Everbright Group, has ended, and the case would be "transferred to the procuratorate for review and prosecution," China's Supreme People's Procuratorate said in a statement.