Former vice-governor of PBOC arrested

China's top procuratorate has approved the arrest of Fan Yifei, former vice-governor of the People's Bank of China, for suspected bribery.

The approval decision was disclosed by the Supreme People's Procuratorate, the country's top procuratorate, via its website on Tuesday.

Further investigation of Fan's case is still underway, the SPP said.

Fan was placed under the disciplinary and supervisory investigation late last year, and was removed from the Communist Party of China and his work posts earlier this month.

When the CPC Central Commission for Discipline Inspection and the National Supervisory Commission, the country's top anti-corruption watchdog, released the news of Fan's removal, Fan was found to have had long accepted improper services, such as banquets, travel and golf games, as well as visiting private clubs and receiving gifts and money from others.

He was also discovered to have used the financial industry to engage in illicit trading and sought benefits for others in matters such as loans and company operation, according to the CCDI.