Ex-China central bank deputy head arrested for suspected bribery

ISTANBUL

Authorities in China arrested a former deputy head of the country’s central bank for suspected bribery.

Earlier this month, Fan Yifei, the former central bank official, was expelled from the Communist Party of China (CPC) over “power-for-money deals,” according to the Chinese daily Global Times.


His expulsion and subsequent arrest came after Central Commission for Discipline Inspection (CCDI), China's top anti-graft body, claimed that Fan was involved in a series of corrupt activities, utilizing his public office for personal financial gains through unofficial investment schemes.

The assets involved were transferred to the procuratorial authorities for examination and prosecution.

China's anti-corruption measures in the first quarter of the current year led to 138,000 cases and the punishment of 111,000 individuals, including high-ranking officials.