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Beijing (AFP) - The former head of China's insurance regulatory body has been formally charged with bribery and abuse of power, prosecutors said on Monday, becoming the most senior financial regulator to be targeted in a continuing crackdown on corruption.
Xiang Junbo, 61, took advantage of his position to amass "an enormous amount of assets" first as a deputy governor of the central bank, then as head of the state-owned Agricultural Bank of China, and finally as chairman of the China Insurance Regulatory Commission, the Supreme People's Procuratorate said in a statement.
https://www.yahoo.com/amphtml/news/china...27510.html
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