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Caixin

China graft busters shocked by corrupt Baoshang Bank regulators

Report claims government watchdogs took bribes and 'ate everything'

China's top antigraft agency has disclosed details of corruption cases involving five former banking regulators in the Inner Mongolia autonomous region, who took more than 700 million yuan ($109 million) in bribes, mostly connected with scandal-hit Baoshang Bank, a failed local lender taken over by the state in 2019.

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