Party Graft Buster Announces Inquiry into CSRC Official

(Beijing) – The ruling Communist Party's graft watchdog says it has started an investigation into a senior official in the securities regulator, a sign that a corruption scandal affecting the China Securities Regulatory Commission is widening.

The Central Commission for Discipline Inspection (CCDI) said on its website on November 13 that it is investigating Yao Gang, deputy chairman of the CSRC, for "serious violations of discipline," the phrase the party usually uses to mean graft. The CCDI did not provide any other details about its probe.