The investigation into Fan Yifei is the first into a senior official since Chinese President Xi Jinping took power last month.
China’s top anti-corruption agency is looking into a deputy governor of the People’s Bank of China, signaling increased scrutiny of the country’s central bank following the conclusion of a Communist Party conclave last month in which Xi Jinping secured a record-breaking third term as leader.
The Central Commission for Discipline Inspection announced the investigation into Fan Yifei for “suspected serious violations of laws and discipline” in a single-sentence statement published Saturday.
According to the Securities Times, a state-owned newspaper, Mr. Fan was taken from his workplace on Friday afternoon.
