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China charges former regulator for taking bribes and insider trading

  • Jul 12, 2018

Former CSRC vice-chairman Yao Gang is the most senior official investigated after the 2015 stock turmoil that wiped off USD5t in market value

China has put Yao Gang, former vice-chairman of the China Securities Regulatory Commission (CSRC) on trial in a local court on Wednesday for taking 69.6 million yuan (USD10.5 million) in bribes and illegally making 2.1 million yuan of gains from insider trading, the Central China Television reported.

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