China Telecom Chairman in Corruption Investigation
Published on: 29th Dec 2015
Note -- this news article is more than a year old.
China Telecom's Chairman, Chang Xiaobing is reported to be under investigation by Chinese authorities for "serious disciplinary violations", which is often code for a corruption or bribery allegation.
The country is in the midst of a corruption clamp-down, which has been partly seen as an effort to deal with a serious problem, and partly a culling of senior figures who might challenge the Communist Party.
Chang Xiaobing's investigation was announced by the Central Commission for Discipline Inspection, the top anti-graft watchdog.
He only took over the top job at China Telecom back in August after running China Unicom for 11 years. The job swap was organised by the government, which remains the majority shareholder in both companies.
Last November, two senior executives from China Unicom were also investigated for suspected violations of laws and regulations, although it's not clear if the latest investigation is related to that.