Relying on finance to eat finance! After the 20th National Congress of the Communist Party of China, the "first tiger" was arrested and became an assistant in power and sex trading | People's Bank of China Harbin Central Branch | Trading

Release time:Apr 13, 2024 22:22 PM

The Supreme Procuratorate has decided to arrest Fan Yifei in accordance with the law.

According to the Supreme People's Procuratorate, Fan Yifei, former member of the Party Committee and Vice President of the People's Bank of China, is suspected of accepting bribes. The investigation by the National Supervisory Commission has been concluded and transferred to the procuratorial organs for review and prosecution. Recently, the Supreme People's Procuratorate made an arrest decision against Fan Yifei on suspicion of bribery in accordance with the law. The case is being further processed.

On June 9th, Fan Yifei was "double opened". The website of the Central Commission for Discipline Inspection issued a stern notice stating that Fan Yifei had lost his ideals and beliefs, abandoned his original mission, lacked political consciousness, opposed organizational censorship, and engaged in superstitious activities; Ignoring the spirit of the eight point regulations of the central government, accepting arrangements for banquets, tourism, golf and other activities in violation of regulations for a long time, participating in public funded banquets, receiving gifts and cash, and entering and exiting private clubs in violation of regulations; Seeking benefits for others in terms of job arrangements, job adjustments, etc; Being an official without integrity, indulging relatives in obtaining salaries without actually working, and engaging in power and sex transactions; Violating regulations and interfering in law enforcement activities; Moral corruption and improper family conduct; Without any disciplinary bottom line, daring to act recklessly, relying on finance to eat finance and making money, engaging in power and money transactions under the guise of "investment" for a long time, taking advantage of their position to seek profits for others in loan financing, business operations, etc., and illegally accepting huge amounts of property.

Fan Yifei was investigated on November 5th last year and was the leader of the 20th National Congress of the Communist Party of China.

According to public information, Fan Yifei was born in August 1964 in Taixing, Jiangsu. PhD in Economics from Renmin University of China and Master's degree in International Economics from Columbia University in the United States.

In July 1982, participated in work at the Changzhou Central Branch of China Construction Bank Jiangsu Branch;

Afterwards, he worked in the China Construction Bank system for many years. In 1994, he joined the headquarters of the bank and successively served as the Deputy Director of the Capital Planning Department of China Construction Bank; General Manager of Planning and Finance Department; Assistant to the President; Vice President and Party Committee Member;

In March 2010, he was appointed as the Deputy General Manager and Party Committee Member of China Investment Co., Ltd;

In April 2010, Fan Yifei was transferred from Vice President of China Construction Bank to Vice General Manager of China Investment Corporation. In February 2015, Fan Yifei, who had just turned 50, was appointed as a member of the Party Committee and Vice President of the People's Bank of China. It is worth mentioning that after being promoted to Vice President, Fan Yifei became the youngest member of the central bank leadership team at that time.

Until being investigated in 2022, Fan Yifei served as the Vice President of the People's Bank of China for seven years.

On December 5th of the same year, according to the Chinese government website, the State Council appointed and dismissed state officials. Among them, Fan Yifei was relieved of his position as Vice President of the People's Bank of China.

According to media reports, Fan Yifei was taken away from his workplace on the afternoon of November 4, 2022.

According to the official website of the People's Bank of China, on the morning of November 3rd, the People's Bank of China and the State Administration of Foreign Exchange held a presentation on learning and implementing the spirit of the 20th National Congress of the Communist Party of China. Members of the Party Committee of the People's Bank of China and the Party Group of the State Administration of Foreign Exchange attended the presentation.

The meeting emphasized that the People's Bank of China and the State Administration of Foreign Exchange should conscientiously implement the deployment and requirements of the 20th National Congress of the Communist Party of China on Party building, persistently promote comprehensive and strict governance of the Party, deepen the new great project of Party building in the new era, and lead social revolution with the Party's self revolution. There are reports that Fan Yifei also participated in this meeting.

After Fan Yifei's fall, the Party Committee of the People's Bank of China held a meeting on the afternoon of November 6, 2022. The meeting unanimously agreed that the investigation and punishment of Fan Yifei reflects the strong determination and firm will to comprehensively govern the Party with strict discipline and punish corruption with a zero tolerance attitude, highlights the distinct character of our Party's courage to self revolution, and releases a strong signal that the anti-corruption struggle never stops and always blows the trumpet of charge. The meeting also mentioned the need to deeply understand the long-term, complex, and arduous nature of the construction of Party conduct and clean government, as well as the fight against corruption, maintain political clarity and firmness that will always be on the road, and persistently promote comprehensive and strict governance of the Party.

Afterwards, the anti-corruption work of the People's Bank of China continued to deepen. On January 17th, the website of the Central Commission for Discipline Inspection and the National Supervisory Commission announced that Mou Shangang, former Secretary of the Party Committee and Director of the People's Bank of China's Office Service Center, had been banned for serious violations of discipline and law. According to reports, Mou Shangang was an corrupt official and illegally received large amounts of property; Using power for personal gain, seeking benefits for others in engineering contracting, work arrangements, purchasing large-sized commemorative coins, and illegally accepting huge amounts of property.

On January 18th, Li Guo, Deputy Director of the Secretariat of the People's Bank of China, was suspected of serious violations of discipline and law and was subjected to disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at the People's Bank of China, as well as investigation by the Fengtai District Supervisory Commission in Beijing.

On March 21st, Dong Guobin, former assistant inspector of the Harbin Central Branch of the People's Bank of China, was suspected of serious violations of discipline and law and was under investigation. Dong Guobin has been working at the Harbin Central Branch of the People's Bank of China for many years and has served as the deputy president of the branch. In addition, Dong Guobin was also included in the list of members of the 6th Council of the Chinese Numismatic Society as the Vice President of the Harbin Central Branch of the People's Bank of China.

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Relying on finance to eat finance! After the 20th National Congress of the Communist Party of China, the "first tiger" was arrested and became an assistant in power and sex trading | People's Bank of China Harbin Central Branch | Trading
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