Qingdao Prosecutors File Case Against Yi Following Anti-Corruption Campaign in Financial Sector
Prosecutors in Qingdao have initiated legal action against Yi following an inquiry by the National Commission of Supervision. Yi is accused of leveraging his former positions at the Industrial and Commercial Bank of China (ICBC) and the China Securities Regulatory Commission (CSRC) to improperly benefit others and accept a substantial amount of property.
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According to a report from the South China Morning Post, prosecutors in the eastern city of Qingdao recently brought a case against Yi before the Qingdao Intermediate People’s Court following an investigation by the National Commission of Supervision, state-owned Xinhua News Agency reported on Wednesday. Prosecution comes as Beijing intensifies an anti-corruption campaign in the financial sector.
Prosecutors stated that Yi allegedly utilized his roles at the China Securities Regulatory Commission (CSRC) and the Industrial and Commercial Bank of China (ICBC), along with influence gained from those positions, to seek benefits for others and illegally accept an "especially large amount of property."
The statement issued by the prosecution did not specify the monetary value of the alleged bribes, nor did it furnish information regarding the individuals who were the beneficiaries.
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