Photo: VCG

The Board Director of the China Banknote Printing and Minting (CBPM), China's official currency printing company, surrendered to the police, an official statement said on Wednesday.

Chen Yaoming, board director and member of the Party committee at the company, is suspected of serious legal and disciplinary violations, according to a statement published Wednesday on the website of the Central Commission for Discipline Inspection of the Communist Party of China and the National Supervision Commission of the People's Republic of China. 

He served as the deputy general manager of the company between 2001 and 2021. 

Under the direct leadership of the People's Bank of China, the company provides banknote printing, minting, banknote paper making and other services.

At present, CBPM has 23 large and medium-sized enterprises and one state-level technical center.