Former China c.bank deputy governor charged with illegally accepting $53.3 mln property


Reuters | Beijing | Updated: 18-04-2024 14:59 IST | Created: 18-04-2024 14:59 IST
Former China c.bank deputy governor charged with illegally accepting $53.3 mln property
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China's former deputy central bank governor, Fan Yifei, was charged with illegally accepting property total#;ng more than 386 million yuan ($53.32 million), directly or through his relations, China's state television CCTV reported on Thursday.

A court in central China's Huanggang held a first trial of Fan's case and would announce a verdict at a later date, CCTV added.

Fan is the highest-ranking official at the People's Bank of China arrested under President Xi Jinping's anti-graft drive in the past decade, in a campaign aimed at weeding out corrupt officials in the financial sector. ($1 = 7.2389 Chinese yuan renminbi)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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