Huge corruption! Xue Jining, former head of the banking supervision bureau in Inner Mongolia, opened the case and took bribes of more than 400 million

On May 12, an official release from the Communist Party of China (CPC) said that Xue Jining, the former director of the Inner Mongolia Regulatory Bureau of the CPC Banking Regulatory Commission (CBRC), was charged with accepting bribes amounting to more than RMB 400 million.

The indictment alleges that between 2002 and 2015, Xue Jining, while serving as the director of the Second Office of Case Inspection of the Central Financial Discipline Inspection Commission, deputy director of the Supervision Bureau of the CBRC, secretary of the Party Committee and director of the Inner Mongolia Supervision Bureau of the CBRC, and inspector of the Inspection Office of the Party Committee of the CBRC, used the convenience of his position to obtain benefits for others in administrative licensing, on-site inspection, off-site supervision, loan processing, business solicitation, establishment and shareholding in village banks, etc. He received from 37 units and individuals a total of RMB 400437881. He should be held criminally responsible for accepting bribes.

Public information shows that Xue Jining was born in February 1955, a native of Rugao, Jiangsu. In his early years, Xue Jining worked for a long time at the People’s Bank of China, and from November 2003 to August 2007, he served as deputy director of the Supervision Bureau of the China Banking Regulatory Commission. in August 2007, Xue Jining served as secretary of the party committee and director of the Inner Mongolia Supervision Bureau of the China Banking Regulatory Commission; in March 2015, he retired.

On June 4, 2020, Xue Jining was investigated.

On May 12, an official release from the Communist Party of China said that Xue Jining, the former director of the Inner Mongolia Regulatory Bureau of the China Banking Regulatory Commission, opened a bribery case on the same day, and Xue Jining was accused of taking bribes amounting to more than RMB 400 million. (Web Image)

On June 4, 2020, a CPC task force opened a case against Xue Jining, former secretary of the party committee and director of the Inner Mongolia Banking Regulatory Bureau, Song Jianji, deputy secretary of the party committee and deputy director, and Chen Zhitao, member of the party committee and deputy director, at the same time and detained three people.

In January this year, the Central Commission for Discipline Inspection informed that Xue Jining, former Party Secretary and Director of the Inner Mongolia Banking Regulatory Bureau, Chen Zhitao, former Deputy Director, and Song Jianji, were expelled from the CPC for their involvement in the Baoshang Bank case.

In addition to his involvement in the Baoshang Bank case, Xue Jining was accused of having inappropriate sexual relations with others, using his supervisory authority and position influence to solicit business for others, and accepting and soliciting large amounts of money and property.

According to reports, in addition to Xue Jining, Song Jianji and Chen Zhitao, Liu Jinming, former member of the party committee of the Inner Mongolia Regulatory Bureau of the CBRC, Jia Qizhen, former member of the party committee of the Inner Mongolia Regulatory Bureau of the CBRC, and Chai Baoyu, former member of the party committee and deputy director of the Baotou Branch of the CBRC, have also been investigated.