China: Ex-Banking Official Accused at Trial of Taking Record Amount of Bribes

Song Jianji, a former deputy head of the now-defunct China Banking Regulatory Commission’s (CBRC) Inner Mongolian branch, stood trial Tuesday in the autonomous region’s capital Hohhot, according to a statement (link in Chinese) issued by a local court.

Song is accused of taking bribes in exchange for help worth more than 229 million yuan ($35 million) between 1995 and 2017 when he worked at the regional branches of the central bank and the CBRC. A record sum for a corruption case in the banking regulatory system, as far as is publicly known, bribes were offered for assistance including loan extensions, loan interest reductions and administrative approvals, said the statement. Song had “no disagreement” with the prosecutor’s charges, the court said.

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