World

Former China Central Bank Deputy Governor Detained On Bribery Suspicion

China’s top prosecutor stated that Fan Yifei, a former deputy governor of China’s central bank was arrested on Tuesday for suspected bribery.

Fan Yifei, 59, is the highest-ranking official at the People’s Bank of China to be jailed in the past decade as a part of President Xi Jinping’s anti-corruption crusade.

The Supreme People’s Procuratorate stated in a statement that Fan Yifei would be prosecuted and that the case was being investigated further.

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According to the state media, Fan was expelled from the Communist Party and dismissed from his position this month for major violations of discipline and the law.

The top anti-corruption watchdog alleged he used his position to profit others through loan financing and illegally accepting property.

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Spriha Rai

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