Central banker executed for fraud in China

CHINA - China has executed a former central bank official for fraud, according to the official Xinhua state news agency on Thursday.

Chen Zhiqing was an official with the state treasury department at a People's Bank of China branch in the poor northwest province of Qinghai.

He was accused of using tax refunds, fake transfers and false receipts to steal nearly 15.5m yuan ($1.9m; £1.3m).

The case is the biggest involving the state treasury since the founding of Communist China in 1949.

Corruption is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to print this content. Please contact info@centralbanking.com to find out more.

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@centralbanking.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@centralbanking.com