Former Chengdu propaganda chief implicated A joint investigation by procurators in Sichuan and Shenzhen has uncovered a multi-million yuan money-laundering scam in Shenzhen involving former Chengdu propaganda chief Gao Yong , who is already under arrest for taking bribes. Gao, 39, was also a member of the Chengdu municipal party standing committee in charge of finance. He was arrested in August after businessman Liu Zhiyuan told authorities Gao had asked him for 1.2 million yuan in bribes. Gao made the request during his tenure as the Guiyang bureau chief of the China Securities Regulatory Commission (CSRC) between 2000 and 2002. Liu also gave 5 million yuan in backhanders to Yi Yang , the daughter-in-law of former Guizhou provincial party secretary Liu Fang-ren , and tried to lessen his own punishment by reporting Gao's illicit activities, the Southern Metropolis News reported. The joint investigation found that Gao transferred several million yuan to his Sichuan accounts through a large number of Shenzhen securities, finance and trading companies. The newspaper report said dozens of people were also involved in the scam but gave few details of the money-laundering operation in Shenzhen. Gao, a Ningxia native, holds a doctoral degree in economics and has written several books on finance and the economy. After receiving his doctorate in 1996, he took up a relatively low-profile three-year posting as the deputy governor of the Liangshan Yi Ethic Autonomous Region, according to the 21st Business Herald. Gao was later appointed as the deputy director of CSRC's Chengdu bureau for one year and became the chief of the commission's Guizhou bureau for 18 months from November 2000. In June 2002, Gao began acting as the Chengdu municipal party standing committee member in charge of finance, and from August last year he was also the municipal propaganda chief.