China former deputy central bank governor Fan charged with bribery

Authorities have charged China’s former deputy central bank governor, Fan Yifei, with bribery, China’s State news agency Xinhua reported.

Fan, 59, is the highest-ranking official at the People’s Bank of China to be prosecuted under anti-graft drive over the past decade, in a campaign aimed at weeding out corrupt officials in the financial sector.

Fan abused his positions at China Construction Bank, China Investment Corp., and the central bank to benefit others in exchange for a “particularly large amount” of bribes, Xinhua reported.

In June, Fan was expelled from the Communist Party and removed from his central bank post for serious violations of discipline and the law, media reported.