Chairman of China's Shenzhen Airport Group under investigation for graft
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
BEIJING (Reuters) - The chairman of China's Shenzhen Airport Group is being investigated by the ruling Communist Party for suspected corruption, the party's anti-graft watchdog said on Friday.
Wang Yang is suspected of "serious discipline breaches", the Central Commission for Discipline Inspection said in a brief statement, using its usual euphemism for graft but providing no other details.
Dozens of senior officials and executives have been caught up in a campaign against corruption launched by President Xi Jinping since he assumed power almost four years ago.
It was not possible to reach Wang for comment, and unclear if he has been allowed to retain a lawyer.
(Reporting by Beijing Monitoring Desk; Editing by Tom Hogue)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Thanks for the memory cards: North Koreans return home from China
- Apple shows ambition to get into self-driving car race
- Greece needs reforms, not debt relief: Germany's Schaeuble