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China charges former No 2 securities regulator for taking US$10.5 million in bribes and insider trading

S.China Morning Post Wednesday, 11 July 2018
China has put Yao Gang, former vice-chairman of the China Securities Regulatory Commission (CSRC) on trial in a local court on Wednesday for taking 69.6 million yuan (US$10.5 million) in bribes and illegally making 2.1 million yuan of gains from insider trading, the Central China Television reported. Yao, 56, was placed under investigation for alleged corruption in November 2015, five months after the worst rout in China’s stock market history that wiped out US$5 trillion of market value...
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