Picture used for representational goal solely.
| Picture Credit score: Getty Photographs/iStockphoto
China is stepping up a bribery crackdown on regulators with motion towards a former No.2 official accused of accepting massive quantities of cash and property whereas abusing his authority, prosecutors mentioned on Tuesday (March 31, 2026).
Investigations confirmed that Wang Jianjun, beforehand vice chairman of the China Securities Regulatory Fee, illegally took the funds and property, whereas serving to to profit others by abusing his place, they added in a press release. Mr. Wang held the position from 2021 till April 2025, when China’s highest anti-corruption company started its investigation, which widened later that 12 months to his former boss, Yi Huiman, as effectively.
Mr. Wang, expelled in November from the ruling Communist Celebration, couldn’t instantly be reached for remark. CSRC backed the choice to analyze Wang, hailing the trouble on the time as exhibiting that China wouldn’t halt its graft struggle, and carry it out “to the tip” Zhou Liang, a deputy head of the Nationwide Monetary Regulatory Administration (NFRA), additionally faces an investigation into accusations of suspected corruption begun in March.
In 2025, the highest prosecuting company, the Supreme Individuals’s Procuratorate, took motion towards 29,000 people, together with high-ranking officers, a determine that’s extra than a fifth increased than a 12 months earlier.
Printed – March 31, 2026 11:13 am IST