China Bribery
Bribery charge: China arrests ex-deputy banking regulator
Beijing: Chinese authorities have arrested a former senior official at the nation’s banking regulator over alleged bribery.
The step is seen as a measure taken as a part of the nation’s latest anti-graft crackdown.
Cai Esheng, the former deputy chairman at the banking watchdog who retired in 2013, also faces charges over the abuse of power, The Supreme People’s Procuratorate of the People’s Republic of China said on Thursday, reports South China Morning Post.
Cai, who was expelled from China’s ruling Communist Party last month after being placed under a probe in July, is one of the highest ranking financial sector officials ensnared by President Xi Jinping’s multi-year anti-corruption drive, the newspaper reported.
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