×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Download App

Former senior China Development Bank official jailed for 14 years for graft

(Photo: Courtesy)

China's anti-graft watchdog said on Saturday the former head of the supervisory board at China Development Bank, the country's largest policy lender, has been jailed for 14 years and fined 3.5 million yuan ($520,276) for receiving bribes.

The Central Commission for Discipline Inspection (CCDI) said in a statement on its website that Yao Zhongmin accepted bribes amounting to 36.2 million yuan directly or indirectly through his brother between 2002 and 2013.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in