February 06, 2009

Former Number 2 China Securities Regulator Charged in Corruption Probe


Wang Yi, was Vice President of China Development Bank until last June when he was "detained" in a corruption investigation. Earlier Wang was Vice Chairman of the China Securities Regulatory Commission in the years before the first big Shanghai bubble. He is accused of taking 10 million Yuan in bribes and other crimes. The Communist Party's corruption probe appears to be intensifying...

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