Former China Central Bank Deputy Governor Abused Power for 30 Years

More than a year after the downfall of former central bank Deputy Governor Fan Yifei, further details of his nearly three decades of corruption were revealed Tuesday in an episode of an anti-graft docuseries shown on state broadcaster CCTV.

Fan’s case has uncovered “a substantial amount of covert and evolved novel forms of corruption” that allowed him to take advantage of financial market rules to conceal his corrupt practices and trade influence for wealth, Qian Long, an official at China’s top graft watchdog, said in the episode.