HONG KONG, HONG KONG - June 30: A member of the People's Liberation Army (PLA) stands guard in front of a billboard of Chinese President Xi Jinping at the Shek Kong Barracks on June 30, 2018 in Hong Kong, Hong Kong. Hong Kong will mark 21 years since its return to Chinese sovereignty from British rule on Sunday as thousands of people are expected to turn up for an annual rally to demand full democracy and vent their frustration over the soaring accommodation costs in the world's most expensive city for expatriates. (Photo by Anthony Kwan/Getty Images)
Chinese President Xi Jinping (left) has been running a crackdown on corruption in high office. Getty 

Yao Gang, ex-deputy chief of top China securities regulator, charged with bribery

The former deputy head of China's top securities regulator has been charged with taking bribes and insider trading, state media reported Thursday.

Yao Gang, a former vice chairman of the China Securities Regulatory Commission (CSRC), was sacked in December 2015 for "severe disciplinary violations" as part of a probe of the financial sector after a spectacular market meltdown.

The term normally refers to graft.

Chinese authorities launched a wave of investigations targeting the financial sector in late 2015 after a debt-fuelled stock market bubble burst that summer in a rout that wiped out trillions of dollars in market capitalisation.

Prosecutors have now filed indictments against Mr Yao, Xinhua news agency said Thursday, citing the Supreme People's Procuratorate.

Mr Yao is accused of insider trading, taking advantage of his position and accepting a large amount of money and gifts.

After soaring 150 per cent in one year, Shanghai stocks went into a tailspin in June 2015, tumbling nearly 40 per cent in a few weeks despite seriouseintervention by the authorities.

Former CSRC head Xiao Gang, who was in charge during the crash, was dismissed in February 2016.

The prosecution of Mr Yao comes as part of a sweeping anti-corruption campaign under President Xi Jinping.

Company info

Company name: Entrupy 

Co-founders: Vidyuth Srinivasan, co-founder/chief executive, Ashlesh Sharma, co-founder/chief technology officer, Lakshmi Subramanian, co-founder/chief scientist

Based: New York, New York

Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.  

Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius. 

Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place. 

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5


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Manchester United 6 (McTominay 2', 3'; Fernandes 20', 70' pen; Lindelof 37'; James 65')

Leeds United 2 (Cooper 41'; Dallas 73')

Man of the match: Scott McTominay (Manchester United)

The years Ramadan fell in May






Director: Dexter Fletcher

Starring: Taron Egerton, Richard Madden, Jamie Bell

Rating: 3 out of 5 stars 

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