Everbright Securities Company Limited(601788) former chairman Xue Feng’s case was transferred to the procuratorial organ for preliminary investigation and found to be derelict in the MPS acquisition case

According to China first finance and economics, the case of Xue Feng, former chairman of Everbright Securities Company Limited(601788) company, has been reviewed by the Central Commission for Discipline Inspection, and the case has been transferred to the procuratorial organ for public prosecution. According to sources close to the task force, Xue Feng is suspected of two violations of law and discipline. One is dereliction of duty and the other is bribery. The former is related to the acquisition of MPS by Everbright capital and Fengfeng Group, while the latter is not related to the MPS case – the reviewers did not find Xue Feng’s bribery in the MPS acquisition case. His bribery is related to the appointment of personnel in office.