China’s Anti-Graft Watchdog Probes Chairman of China Life Insurance
Wang is “suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and investigation,” the anti-graft watchdog wrote in a statement.
China’s CCDI has recently placed the country’s financial sector under scrutiny.
In October, the bureau deployed teams to 25 financial institutions including the central bank and stock exchanges as part of a campaign to weed out corrupt officials.
(Reporting by Josh Horwitz and Cheng Leng; editing by Christian Schmollinger)
Copyright 2024 Reuters. Click for restrictions.
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