China Telecom Head Under Investigation Over Corruption
Business News, Latest Headlines Sunday, December 27th, 2015
The chairman of one of China’s largest state-owned mobile operators, China Telecom, is being investigated by the country’s anti-corruption watchdog.
Chang Xiaobing is “suspected of serious violation of discipline”, according to a statement on the Central Commission for Discipline Inspection website.
The executive was reported missing by local media on Sunday.
He is the latest in a series of high-profile executives to become embroiled in Beijing’s crackdown on corruption.
The government’s ongoing anti-corruption drive resulted in more than 70 senior officials at state firms being investigated in 2014.
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