China to arrest former securities regulator chief Yi Huiman on bribery suspicion

44 mins ago

Yi Huiman, chairman of China Securities Regulatory Commission (CSRC), attends a meeting of Fujian delegation on the sidelines of the National People's Congress (NPC), at the Great Hall of the People in Beijing, China March 5, 2019. Picture taken March 5, 2019. REUTERS/Stringer/File photo

China's public prosecutor, the Supreme People's Procuratorate, has sought the arrest of former securities regulator chairman, Yi Huiman, on suspicion of bribery after an investigation, state news agency Xinhua said on Wednesday.

Yi allegedly took advantage of his position at the China Securities Regulatory Commission and also when he was with ICBC Bank, Xinhua reported.

Yi abused his official authority, sought benefits for others, and accepted property in particularly large amounts, Xinhua said without detailing the offences.

Reuters

China arrest former securities regulator chief Yi Huiman bribery suspicion

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