Retired Bank Regulator Admits Taking $62 Million in Bribes, Court Statement Shows
Xue Jining pleaded guilty to charges that he took $62.1 million in bribes. Photo: The People s Procuratorate of Hohhot
A retired banking regulator in the Inner Mongolia autonomous region admitted taking bribes amounting to more than $60 million in a corruption case with links to Baoshang Bank Co. Ltd., a failed local lender that was taken over by the state in 2019.
Xue Jining, a former head of the Inner Mongolia branch of the now-defunct China Banking Regulatory Commission (CBRC) and a former central bank official, pleaded guilty to charges that he took 400.4 million yuan ($62.1 million) in bribes from 37 individuals and entities from 2002 to 2015, according to