On Dec. 8, Chen Yaoming, a party committee member and director of the China Banknote Printing Minting Corporation, voluntarily turned himself in to the Central Commission for Discipline Inspection for investigation.

Chen Yaoming, who was born in Hengyang, Hunan, in January 1964, was the Banknote Printing and Minting Corporation’s deputy director and head of the comprehensive planning department. He was also a member of the National Printing Company’s preparatory team from August 2001 to January this year.

According to the Central Commission for Discipline Inspection. Chen Yaoming was suspected of major infractions of discipline and law. However, the irregularity of the case was the authorities’ announcement did not explain why Chen Yaoming voluntarily turned himself in for investigation.

Many Chinese media outlets mentioned that Chen Yaoming’s predecessor was He Lin.

According to sources close to the CCP’s central bank, He Lin’s demise was likely caused by the illicit purchase of money printing and minting-related equipment and supplies. Private purchases of printing and minting equipment are likely to create a gap for counterfeit money manufacturing. If this is the case, it can be far more serious than just taking money home.

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