Yao Gang placed under "coercive measures" for alleged bribery

Yao Gang, the vice chairman of the China Securities Regulatory Commission, has been under 'coercive measures' for the alleged bribe-taking.
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Yao Gang, vice chairman of China Securities Regulatory Commission (CSRC), attends the opening ceremony of the 13th China Ag Trade Fair in Fuzhou city, southeast China's Fujian province, 7 November 2015.

Yao Gang, the vice chairman of the China Securities Regulatory Commission, has been placed under coercive measures for alleged bribe-taking, the Supreme People’s Procuratorate said Thursday.

Coercive measures can include summons by force, bail, residential surveillance, detention or arrest.

Yao’s case is still under investigation, the top procuratorate said.

Yao was expelled from the Communist Party and dismissed from public office for various wrongdoings, including graft, the Central Commission for Discipline Inspection announced on July 20.

Yao, 55, abused his power to seek benefits for others and accepted “a huge amount” of bribes, according to a statement from the CCDI.

Investigators alleged that Yao took advantage of his post to help others or to help companies in order to raise his standing in the eyes of influential political figures. It is also alleged he obstructed investigations, and failed to report his personal information in accordance with the rules, the commission’s statement said.

The commission announced an investigation into Yao in November 2015.

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