China News Agency, Beijing, April 1 (Reporter Zhang Su) The Supreme People's Procuratorate of China announced on April 1 that a group of officials who had fallen from the horse were arrested by the prosecutor in accordance with the law.
Among them, some have been working in the financial system for a long time, and some have been accused of colluding with officials and businessmen of illegal "small chemical" enterprises, "prefer to poison to death than to die in poverty."
Public information shows that Xu Zhen, the former party secretary and chairman of the Interbank Market Clearing House Co., Ltd., who was born in June 1957, has worked in the financial system for a long time and served as the deputy director of the Payment and Settlement Department of the People's Bank of China.
On November 28, 2009, the Interbank Market Clearing House Co., Ltd. was established in Shanghai.
The official website shows that it is a qualified central counterparty recognized by the People's Bank of China, and it is licensed by the U.S. Commodity Futures Trading Commission to provide clearing services to U.S. clearing members for proprietary trading. It is also a Chinese corporate credit bond registration and custodial settlement center.
Here, Xu Zhen successively served as general manager, chairman of the board, and party committee secretary.
On December 18, 2020, the website of the State Supervision Commission of the Central Commission for Discipline Inspection notified Xu Zhen to accept disciplinary review and supervision and investigation.
Today, Shanghai prosecutors have made a decision to arrest Xu Zhen on suspicion of corruption and bribery.
The case is being further processed.
The Supreme People’s Procuratorate released the news of the arrest of a group of detained officials. There was also Sun Zhenyun, the former party secretary and director of the Department of Agriculture and Animal Husbandry of the Inner Mongolia Autonomous Region, who was suspected of taking bribes, embezzling public funds, and abusing power.
In a notice issued by the Commission for Discipline Inspection of the Inner Mongolia Autonomous Region, he was accused of "conniving for criminal activities and acting as a'protective umbrella' for the underworld forces" and "illegal decision-making, resulting in huge losses of national coal resources."
Ma Junjian, the former party member and deputy director of the Standing Committee of the Yancheng Municipal People's Congress of Jiangsu Province, who was suspected of taking bribes, was also arrested by Jiangsu prosecutors.
In the "Double Open" notice issued by the Jiangsu Provincial Commission for Discipline Inspection and Supervision, he was accused of distorting his outlook on political performance, erroneously insisting that "I would rather poison to death than poor", arbitrarily change the park plan, and refuse to choose to introduce chemical companies, leading to major risks. For hidden dangers, they also colluded with a number of illegal and illegal "small chemical" enterprises, officials and businessmen.
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