Former China securities chief Yi Huiman prosecuted for alleged bribery

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Former China securities chief Yi Huiman prosecuted for alleged bribery
Business

South China Morning Post

Chinese prosecutors have formally charged Yi Huiman, the former chairman of the China Securities Regulatory Commission, with accepting an "especially large" amount of property after an investigation by the National Commission of Supervision, Xinhua said. Prosecutors in Qingdao filed the case at the Qingdao Intermediate People's Court, accusing Yi of using his roles at ICBC and the CSRC to seek benefits for others and take bribes; the statement did not disclose the amount. Yi was placed under investigation in September, expelled from the Communist Party and removed from office in April, and his prosecution comes amid a wider financial-sector anti-corruption push and new rules tightening scrutiny of offshore wealth.

Former CSRC chairman prosecuted for allegedly accepting large bribes

Context

The anti-corruption watchdog opened a probe in September and Yi was removed in April.…

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