China Says Ex-PBOC Official Took ‘Massive’ Bribes to Help Firms

A former senior official with China’s central bank took large bribes to help businesspeople, according to a state media documentary on Beijing’s anti-graft efforts.

Fan Yifei, ex-deputy governor at the People’s Bank of China, accepted “massive” amounts of money from company executives to facilitate loans and grant other favors, state broadcaster China Central Television said in a documentary.

Fan Yifei

Photographer: Qilai Shen/Bloomberg

“I wanted to be an official and be rich at the same time,” Fan said in the final episode of the four-part series that aired on Tuesday. “I was completely wrong.”

Fan was kicked out of the Communist Party ...