China probes senior Hebei Iron & Steel executive for suspected graft
- Record-setting rally pushes on as S&P ends week up 3 percent
- Trump's Cohn Pick Most Bullish Sign Yet for Banks - Cowen
- Unusual 11 Mid-Day Movers: (IDXG) (INVN) (EBS) Higher; (SCON) (DTEA) (DLTH) Lower (more...)
- 21st Century Fox (FOXA) offers to acquire Sky for GBP10.75/share
- Coca Cola (KO) Announces James Quincey to Succeed Muhtar Kent as CEO; Kent to Continue as Chairman
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
BEIJING (Reuters) - The deputy general manager of Hebei Iron and Steel, China's largest steel company by output, is being investigated by the ruling Communist Party for suspected corruption, the party's anti-graft watchdog said on Wednesday.
Wang Hongren 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 sweeping 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.
The company declined to comment.
Wang, 58, was formally a deputy general manager at another steel maker in the northern province of Hebei, Handan Steel Group, according to his official biography.
(Reporting by Ben Blanchard and Xu Muyu; Editing by Josephine Mason)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Romania elects new parliament, leftists ahead in polls
- First gorilla born in captivity, age 59, returns to Ohio zoo after surgery
- South Korea says Park impeachment could worsen sentiment
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!