CoinVoice has recently learned that according to the website of the Central Commission for Discipline Inspection and National Supervision Commission, Yao Qian, the former director of the Technology Supervision Department of the China Securities Regulatory Commission and the former director of the Information Center, has been expelled from the Party and public office due to serious violations of discipline and law. The investigation showed that Yao Qian used regulatory power to seek benefits for specific technology service providers, involving transactions of power and money related to virtual currency, and illegally accepted huge amounts of property.
In addition, he also violated the spirit of the Central Eight Regulations, illegally accepted valuable items, attended banquets, and engaged in irregular operations in aspects such as employee recruitment and investment shares. After research and decision by the Party Committee of the China Securities Regulatory Commission and related disciplinary inspection and supervision departments, serious penalties were imposed on Yao Qian, and issues suspected of crimes were transferred to the procuratorial organs for legal examination and prosecution.
According to previous reports, Yao Qian is suspected of serious violations of discipline and law, and has been subject to disciplinary review by the Disciplinary Inspection and Supervision Group of the Central Commission for Discipline Inspection and National Supervision Commission stationed at the China Securities Regulatory Commission and investigation by the Shantou Municipal Supervision Commission of Guangdong Province. [Original link]
