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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.
Beijing [China], May 30 (ANI): 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.
China top antigraft agency, Central Commission for Discipline Inspection (CCDI) on Tuesday disclosed details of corruption cases involving five former banking
China’s Graft Busters Reveal ‘Shocking’ Corruption Among Local Regulators of Failed Baoshang Bank
The cases came to light in the wake of investigations into the collapse of Baoshang Bank which was seized from private conglomerate Tomorrow Holding in May 2019. Photo: IC Photo
China’s top antigraft agency has disclosed details of corruption cases involving five former banking regulators in the Inner Mongolia autonomous region who between them took more than 700 million yuan ($109 million) in bribes, mostly connected with scandal-hit
Baoshang Bank Co. Ltd., a failed local lender taken over by the state in 2019.
The officials, including Xue Jining, a 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, the Central Commission for Disciplin