Using virtual currency for benefit transmission and attempting to evade supervision is a new problem encountered in anti-corruption practices in recent years, and the authorities have disclosed a case.
According to news from the disciplinary inspection and supervision group stationed at the China Securities Regulatory Commission and the Guangdong Provincial Disciplinary Inspection and Supervision Commission on November 20, Yao Qian, former director of the Technology Supervision Department and former director of the Information Center of the CSRC, has been expelled from the Party and public office.
The notice clearly states that Yao Qian used virtual currencies to engage in power-for-money transactions.
Yao Qian was born in 1970, from Anhui, graduated from Nanjing University with a degree in information management and computer science, holding a doctorate in engineering. In his early years, he worked at the China Securities Regulatory Commission, China Securities Depository and Clearing Corporation Limited (referred to as China Clearing), and the People's Bank of China, holding positions such as deputy director of the technology department of the central bank, director of the digital currency research institute, and inspector of the technology department.
In 2018, Yao Qian served as the deputy secretary of the Party Committee and general manager of China Clearing. In December 2019, he returned to the CSRC, successively serving as the director of the Technology Supervision Bureau, the director of the Technology Supervision Department, and the director of the Information Center.
In April this year, the eighth inspection team of the Central Committee entered the China Securities Regulatory Commission to carry out inspection work for about three months. In the same month, Yao Qian was officially announced to be under investigation.
Looking back at Yao Qian's career, he has served in the two major financial regulatory departments of the central bank and the securities regulatory commission, and is often related to fintech. He has always considered himself to be 'technologically proficient' and has frequently expressed opinions on topics such as blockchain, virtual currency, and cryptocurrency in recent years, publishing several monographs. In hindsight, all of these have become footnotes to his downfall.
The published 'double opening' notice shows that Yao Qian betrayed his original mission, did not speak politics, sought false fame, regarded himself as a fintech expert, and spared no effort to support specific technology service providers for his own selfish interests, willingly becoming a 'key training object' for hunters.
Abusing regulatory powers such as policy advisory rights, decision-making rights, and executive powers, neglecting technological regulatory responsibilities, seeking improper benefits for others in expanding business and software and hardware procurement for information technology service agencies, and engaging in power-for-money transactions using virtual currency.
Engaging in superstitious activities;
Ignoring the spirit of the central eight regulations, illegally accepting valuable items such as Maotai liquor and accepting banquets;
Violating organizational principles, seeking benefits for others in employee recruitment;
Violating clean conduct discipline, transferring rental costs that should be paid by individuals to the supervised objects, illegally borrowing large amounts of money from the supervised objects, and making illegal investments in enterprises.
Illegally accepting property, with particularly huge amounts.
Yao Qian seriously violated the Party's political discipline, the spirit of the central eight regulations, organizational discipline, and clean conduct discipline, constituting serious job-related violations and suspected bribery crimes, and has not restrained himself after the 18th, 19th, and even the 20th National Congress of the Party. The nature is serious, the impact is adverse, and he should be dealt with severely.
According to relevant regulations (Disciplinary Punishment Regulations of the Communist Party of China), (Supervision Law of the People's Republic of China), (Administrative Punishment Law for Public Officials of the People's Republic of China), and others, after research by the Party Committee of the China Securities Regulatory Commission, it was decided to expel Yao Qian from the Party; after research by the disciplinary inspection and supervision group stationed at the China Securities Regulatory Commission of the Central Commission for Discipline Inspection and the National Supervisory Commission, it was decided to expel Yao Qian from public office; confiscating his illegal gains; after research by the Shantou Municipal Supervisory Commission of Guangdong Province, it was decided to transfer Yao Qian's suspected criminal problems to the procuratorial organ for legal examination and prosecution, with the involved property also transferred.
Yao Qian's leader during his work at the central bank, Fan Yifei, who once served as the deputy governor of the central bank, also considered himself to understand finance and has the ability. His case involves a large amount of hidden, mutated, and new types of corruption, using various rules of the financial market as cover to implement power-for-money transactions.
However, their 'technical handling' cannot escape the 'eyes of the law' of the auditing and disciplinary inspection and supervision agencies. The net of heaven is vast and has no gaps; all the calculations in the agency ultimately just bind themselves.
Follow me! Get more information about the cryptocurrency world!#内容挖矿 $XRP
