Chinese authorities investigate senior PBoC official
Anti-corruption agencies launch probe into sacked head of monetary policy department
China’s anti-corruption agencies are investigating a now-dismissed senior central bank official, according to an official statement dated May 19.
The statement says the agencies are proceeding against Sun Guofeng – until recently head of the People’s Bank of China’s (PBoC) monetary policy department – for “serious violations of discipline and law”. This term often refers to corruption-related offences, according to media reports.
Several media outlets report that investigators are alleging Sun
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