A crypto-friendly former official with China’s central bank has been accused of taking bribes through cryptocurrencies, in the first corruption case of its kind in the country as it cracks down on digital currency. China’s top corruption watchdog said Yao Qian – the People’s Bank of China’s first director of digital currency research, who went … Read more
A Shanghai court has released an opinion stating that the personal ownership of cryptocurrencies is not against Chinese law, offering explicit legal clarity for crypto holders on the mainland amid a record-setting bitcoin price surge. Sun Jie, a judge at the Shanghai Songjiang People’s Court, wrote in an article published on Shanghai High People’s Court’s … Read more
The former head of China Geological Survey has been charged with bribe-taking and leaking state secrets by the country’s highest prosecutorial agency. Zhong Ziran, 62, is accused of using his senior positions at the natural resources ministry as well as its affiliated China Geological Survey to take a “particularly big” amount of bribes, the Supreme … Read more
According to the Supreme People’s Procuratorate, Li is accused of serious violations, including severe breaches of party discipline and abuse of power, following an investigation by the National Supervisory Commission that concluded in late September. Li is accused of ignoring regulations by accepting invitations that could compromise his impartiality, breaching organisational principles to benefit others … Read more
China’s top anti-corruption agency said on Monday that former justice minister Tang Yijun would be indicted on charges of corruption and misconduct after being investigated for taking bribes and abuse of power. Tang is accused of helping family members secure financial deals and accepting lavish gifts and travel expenses, in violation of the Communist Party’s … Read more
Reading publications with “serious political problems” has become an increasingly common accusation levelled at disgraced officials by China’s anti-corruption agencies, who cite it as proof of disloyalty. Among them is Li Bin, a former vice-director of the municipal legislature of Mudanjiang in northeastern Heilongjiang province. He was expelled from the Communist Party on suspicions of … Read more
Four current and former senior executives of China’s state-owned enterprises in sectors including finance and energy have been placed under investigation for alleged corruption. They are Zuo Zuqing, deputy director of the state-run China National Nuclear Corp’s capital operational centre; Chen Xiaopeng, former party secretary and director of the China Securities Regulatory Commission’s Shenzhen branch; … Read more
The former Communist Party boss of the southern Chinese province of Hainan who helped transform it into a strategic hub in the South China Sea has been placed under investigation for corruption. China’s top corruption watchdog, the Central Commission for Discipline Inspection (CCDI), said on Thursday that Luo Baoming was being investigated for suspected severe … Read more
Wang vowed that the new watchdog dedicated to financial sector corruption would “resolutely shoulder the political responsibilities”, ensuring China’s financial sector followed the party’s directions closely, according to the article. “[We will] strengthen political supervision as top priority … focus on implementing the major decisions and arrangements of the party Central Committee on financial work,” … Read more
State broadcaster CCTV reported on Tuesday that the State Council, China’s cabinet, had set up an investigative team involving several government bodies to tackle the matter. Planning body the National Development and Reform Commission, the ministries of public security and transport, the state administrations of market regulation and grain and reserves, and other departments will … Read more
