Ex-Executive of Shanghai Bourse Accused of Bribery and Fake Divorce

What’s new: Liu Ti, former deputy general manager of the Shanghai Stock Exchange, faces criminal charges for alleged embezzlement and bribery following an investigation by the country’s top graft buster.

Liu, 54, was removed from public office, the Communist Party’s Central Commission for Discipline Inspection (CCDI) said Friday.

An investigation found that Liu accepted gifts or money that could affect the impartial exercise of public authority, the CCDI said. Graft busters also accused him of falsifying personal records with a “fake divorce,” misusing his authority to embezzle public assets, serving as a shadow shareholder in multiple companies preparing to sell shares, pursuing improper gains for others in various ways including share sales and unlawfully accepting substantial bribes.