BEIJING: The former deputy head of China´s top securities regulator has been charged with taking bribes and insider trading, state media reported.
Yao Gang, a former vice chairman of the China Securities Regulatory Commission (CSRC), was sacked in December 2015 for “severe disciplinary violations” as part of a probe of the financial sector after a spectacular market meltdown. The term normally refers to graft. Chinese authorities launched a wave of investigations targeting the financial sector in late 2015 after a debt-fuelled stock market bubble burst that summer in a rout that wiped out trillions of dollars in market capitalisation. Prosecutors have now filed indictments against Yao, Xinhua news agency said Thursday, citing the Supreme People´s Procuratorate. Yao is accused of insider trading, taking advantage of his position and accepting a large amount of money and gifts.
Turkey's President Recep Tayyip Erdogan and Iraq's Prime Minister Mohammed Shia al-Sudani exchange signed agreements....
Former US president Donald Trump awaits opening arguments in his New York 'hush money' trial. — AFP NEW YORK: New...
A representational image of Chinese and German flags. — AFP/File BERLIN: Three Germans have been arrested on...
Ukrainian forces targeting a Russian position in the Kharkiv region on Sunday. — TassMOSCOW: Russia said on Monday...
A representational showing pilgrims gathered around the Kaaba at the Grand Mosque in the holy city of Makkah —...
Taiwan's eastern Hualien region was also the epicentre of a magnitude-7.4 quake in April 3, which caused landslides...
