The former chairman of a clearing and settlement platform for the interbank market has been charged with corruption and bribery, the latest senior financial official to fall in the government's yearslong anti-graft campaign.
The Shanghai procuratorate issued a warrant for the arrest of Xu Zhen, former chairman and Communist Party secretary of the Shanghai Clearing House, nearly four months after the country's top anti-corruption watchdog said he had been put under investigation. The announcement of the warrant was released Thursday by the Supreme People's Procuratorate.
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