China’s antigraft watchdog is investigating the former CEO of China Merchants Bank

China’s anti-corruption watchdog said it had launched an investigation into the former president and chief executive of China Merchants Bank Co. just days after he was abruptly removed from the top of the state-backed lender.

The country’s Central Commission for Discipline Inspection said in a brief statement on Friday that Tian Huiyu “is suspected of serious violations of discipline and the law,” without giving details.