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Friday, 22 August 2014

China investigates former NDRC finance chief in bribe probe

A former director at China’s economic planning agency who oversaw corporate bond issues between 2003-2006 is being investigated, the country’s top prosecutor said on Friday, the latest official to be implicated in an anti-corruption drive.


Zhang Dongsheng, who was more recently the head of the employment and income distribution division at the National Development and Reform Commission (NDRC), was “suspected of taking bribes”, the Supreme People’s Procuratorate said on its official microblog.


“Zhang has been placed under coercive measures,” it said, referring to actions under law that include residential surveillance, detention and arrest. It did not specify which steps had been taken and offered no further details.


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Reuters via CHINA US Focus http://ift.tt/1vrwTUD

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