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China Life Insurance Chief Investigated by Graft Watchdog

Wang Bin is “suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and investigation”, the Central Commission for Discipline Inspection said

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The chairman of China Life Insurance Co is facing an anti-corruption investigation. Photo: Reuters.

 

China’s Central Commission for Discipline Inspection (CCDI) has placed Wang Bin, the chairman of China Life Insurance Co Ltd, under investigation, the bureau said on Saturday.

Wang is “suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and investigation,” the anti-graft watchdog wrote in a statement.

China’s CCDI has recently placed the country’s financial sector under scrutiny.

In October, the bureau deployed teams to 25 financial institutions including the central bank and stock exchanges as part of a campaign to weed out corrupt officials.

 

• Reuters with additional editing by Jim Pollard

 

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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