Ex-assistant chairman of China's banking regulator sentenced to 16 years in prison: state media
The former assistant chairman of China`s banking regulatory commission has been sentenced to 16 years in prison for accepting bribes, state media said on Thursday, as the Chinese government clamps down on corruption.
Yang Jiacai, former assistant chairman of the then China Banking Regulatory Commission, was accused of accepting bribes of about 23.08 million yuan ($3.4 million), according to an online report by the official Securities Times.
The report had cited the Puyang Intermediate People`s Court in Henan, which was not immediately available for comment on Thursday.
The China Banking Regulatory Commission was then restructured earlier this year to form the China Banking and Insurance Regulatory Commission.
Earlier in the day, the former chairman of China`s state-owned oil company Sinopec Corp, Su Shulin, was sentenced to 16 years in prison for graft, state media reported, citing the Shanghai Second Intermediate Court.($1 = 6.7815 Chinese yuan renminbi)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Tata Power Q4 Results Preview: Tata group electricity generator likely to clock 22% PAT jump, 193 bps margin improvement
Gold and Silver rate today (May 7, 2024): Precious metals subdued; yellow metal above Rs 71,300; white metal above Rs 82,850
Aadhar Housing Finance IPO: Check Anil Singhvi's view on Rs 3,000 crore issue | Subscription, allotment dates and other details
5 investment schemes that provide monthly pension to senior citizens fixed deposit fds savings scss guaranteed return atal pension yojana post office monthly income swps mutual fund
09:30 PM IST