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China s antigraft agency unveils corruption cases involving banking regulators Sun Online Desk 1st June, 2021 07:18:47 China s top antigraft agency, Central Commission for Discipline Inspection (CCDI) on Tuesday disclosed details of corruption cases involving five former banking regulators in the Inner Mongolia autonomous region. As per the CCDI report, the regulators took more than 700 million Yuan (USD 109 million) in bribes, mostly connected with scandal-hit Baoshang Bank, a failed local lender taken over by the state in 2019, reported Nikkei Asia. The officials, including Xue Jining, former head of the Inner Mongolia branch of the now-defunct China Banking Regulatory Commission (CBRC), abused their power to seek benefit for those who paid them bribes related to establishing institutions, approving new businesses and loans, project construction and personnel appointments, said the CCDI report.

Inner mongoliaNei mongolXiao jianhuaXue jiningLiu jinmingHong huishang bankBaoshang bankMengshang bankCentral commission for discipline inspectionChina banking regulatory commissionInsurance regulatory commissionCentral commissionDiscipline inspectionCommunist partyChina bankingTomorrow holding