SHANGHAI – China’s Central Fee for Self-discipline Inspection (CCDI) has positioned Wang Bin, the chairman of China Life Insurance coverage Co. Ltd., below investigation, the bureau stated on Saturday.
Wang is “suspected of significant violations of self-discipline and legislation, and is at present present process disciplinary assessment and investigation,” the anti-graft watchdog wrote in an announcement.
China’s CCDI has lately positioned the nation’s monetary sector below scrutiny.
In October, the bureau deployed groups to 25 monetary establishments together with the central financial institution and inventory exchanges as a part of a marketing campaign to weed out corrupt officers.
(Reporting by Josh Horwitz and Cheng Leng; modifying by Christian Schmollinger)
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