AIIB refutes allegations over Chinese Communist Party control

News Snapshot:

BEIJING, July 7 (Reuters) - The Asian Infrastructure Investment Bank said on Friday it had found no evidence to support or validate allegations made by its former communications chief that it is dominated by the Chinese Communist Party, in a statement following an investigation. In June, Bob Pickard announced on Twitter he had resigned from the bank because it was "dominated by Communist Party" members and had a "toxic culture," allegations which the AIIB called "baseless" at the time. Established by Chinese President Xi Jinping in 2016 as a Chinese alternative to the World Bank and other Western-led multilateral lending...