CHINA Former Chinese securities regulator deputy chief sentenced to 18 years in jail for bribery, insider trading

CHINA

Former Chinese securities regulator deputy chief sentenced to 18 years in jail for bribery, insider trading

By Dong Feng | People's Daily app

19:56, September 28, 2018

Yao Gang, former vice chairman of the China Securities Regulatory Commission, was sentenced 18 years in prison by the Intermediate People's Court of Handan in north China's Hebei Province Friday.

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(Photo: CCTV)

Yao was sentenced to 15 years in prison for accepting bribes, and fined 7 million yuan ($1.01 million), sentenced to six years in prison for insider trading, and fined 4 million yuan. Final execution adds to a prison term of 18 years, and fined 11 million yuan.

The property obtained from bribery, insider trading and its asphyxiation will be recovered and turned over to the state treasury.

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