Former China Resources executive under investigation - anti-graft body

Reuters News
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Posted: May 16, 2014 11:12 PM

HONG KONG (Reuters) - A former executive of state-owned China Resources (Holdings) Co. Ltd, a conglomerate of energy, land and consumer businesses in mainland China and Hong Kong, is under investigation, China's top anti-corruption body said.

Wang Shuaiting, vice chairman of China Travel Service (Holding) Hong Kong, is suspected of serious disciplinary violations - Beijing's official jargon for graft - during his tenure at China Resources, the China Central Discipline Inspection Commission said in a one-line statement on its website (www.ccdi.gov.cn).

The probe follows a similar investigation into Song Lin, the ex-chairman of China Resources who has been sacked from his post, according state media.

Such investigations are part of a wider anti-corruption drive launched by President Xi Jinping, who has vowed to tackle pervasive graft, saying he will go after high-flying "tigers" as well as lowly "flies".

(Reporting by Polly Yam in HONG KONG and Chen Aizhu in BEIJING; Editing by Paul Tait)