Cai Esheng, a former senior government official at China’s banking regulator, was arrested on suspicion of crimes including taking bribes and abusing his power, according to a statement published by China’s Supreme People’s Procuratorate on Thursday.
Cai was arrested by the Supreme People’s Procuratorate for the alleged crimes, and has been transferred to the procuratorial organ for further investigationand prosecution, the statement said. The case iscurrently being processed.
Born in 1951 in Central China’s Hubei Province, Cai was the vice chairman of the China Banking Regulatory Commission (CBRC) from 2005 to 2013.
He was expelled from the Communist Party of China for corruption in January, while China’s discipline regulator, theCentral Commission for Discipline Inspection (CCDI)has accused Cai of serious violations of laws and discipline, according to a CCDI statement.
The CBRC was merged with China’s insurance regulator to become the China Banking and Insurance Regulatory Commission (CBIRC) in 2018.
Cai Esheng
