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Former Deputy Chairman of China's Securities Committee Faces Corruption Trial

© AP Photo / Andy WongA Chinese national flag flutters in the wind in between a high-rise residential and office complex in Beijing, China. (File)
A Chinese national flag flutters in the wind in between a high-rise residential and office complex in Beijing, China. (File) - Sputnik International
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According to reports, China's Supreme People's Procuratorate have opened a probe against former Deputy Chairman of China Securities Regulatory Commission.

BEIJING (Sputnik) China's Supreme People's Procuratorate (SPP) have opened a probe against former Deputy Chairman of China Securities Regulatory Commission (CSRC) Yao Gang on suspicion of corruption, according to a statement posted on the SPP's website Thursday.

A visitor, top, looks at an electronic screen displaying images and convicted corruption charges of China's fallen politicians, Bo Xilai, bottom second right, Zhou Yongkang, bottom left, and other senior officials, at the China Court Museum in Beijing, Tuesday, Jan. 12, 2016 - Sputnik International
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Chinese Authorities Charge 210,000 Officials With Corruption This Year
In mid-July, the Central Commission for Discipline Inspection the Communist Party of China (CPC) notified that the official was expelled from the party and removed from his post. The interior investigation had been launched in November 2015.

On August 5, the former head of the China Development Bank’s supervisory board was sentenced to 14 years in jail on graft and bribery charges.

Chinese President Xi Jinping launched a large-scale campaign against corruption after coming to power in 2012. The campaign primarily targeted high-level officials in the CPC, the armed forces and state-run enterprises. Thousands of officials have since then been expelled from the party and persecuted.

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