China to Arrest Former Securities Regulator Chief Yi Huiman on Bribery Suspicion
Prosecutors allege he used roles at ICBC and the CSRC to seek benefits for others and accept especially large bribes.
- On Wednesday, prosecutors in Qingdao filed a case against Yi Huiman, former chairman of the China Securities Regulatory Commission, for allegedly accepting "exceptionally large" bribes.
- The National Commission of Supervision concluded its investigation into the former regulator, referring the case to the Qingdao Intermediate People's Court for trial as part of Beijing's anti-corruption campaign.
- Prosecutors allege Yi abused his roles at the Industrial and Commercial Bank of China and the Commission to "secure benefits for others," accepting "property from others" in "exceptionally large" amounts.
- Yi, who remains in custody, is one of countless officials targeted by the anti-corruption drive waged at all levels of the state and party since President Jinping took power.
- Previous high-profile corruption cases include former Commission vice-chairman Yao Gang, sentenced to 18 years in prison in 2018, and two former defense ministers handed suspended death sentences earlier this year.
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(Seoul = Yonhap News) Reporter Kwon Sook-hee = Amid the Chinese authorities' continued high-intensity crackdown, the former chairman of the China Securities Regulatory Commission (CSRC) is accused of accepting bribes...
China’s former market regulator head to be tried for graft
The former head of China’s financial markets regulator will be tried for corruption, according to state media Wednesday, the latest high-profile official to fall under Beijing’s sweeping anti-graft campaign. The Supreme People’s Procuratorate announced that an investigation into Yi Huiman had concluded and the case referred to a court in Qingdao for trial, official state […]
China Prosecutes Former Top Securities Regulator Yi Huiman
China is prosecuting Yi Huiman, the former head of its securities regulator, for allegedly accepting bribes, marking the latest step in a broad anti-corruption sweep targeting the country’s financial sector.
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