According to the CCDI’s announcement on November 20, Mr. Zhou Quan is being investigated by the Shanghai City Disciplinary Inspection Committee. The chairman of Shanghai Industrial Holdings was investigated on suspicion of serious violations of discipline and law – a phrase often used to describe corruption allegations.
Mr Zhou Quan also held positions at several listed subsidiaries in the Hong Kong Special Region (China) of the state-owned corporation, but he resigned in recent days, citing “personal issues”. These companies announced that Mr. Chu Kwan’s resignation was due to personal problems that prevented him from having enough time to fulfill his duties.
Shanghai Industrial Holdings is a state-owned infrastructure, real estate and pharmaceutical development company.
Mr Zhou Quan, chairman of Shanghai Industrial Holdings, is being investigated for “serious violations of discipline”. Photo: Caixin
according to station cnnThe investigation into Mr Zhou Quan by China’s anti-corruption watchdog shows that the fight against corruption is still going strong in the world’s second-largest economy.
This year, more than a dozen top officials from sectors including technology, finance and real estate have gone missing, been detained or are under investigation for corruption.
The same month, the CCDI announced the opening of a corruption investigation against former deputy general director of the Industrial and Commercial Bank Truong Hong Luc.
Also in November, the Intermediate People’s Court of Jinan City, Shandong Province imposed a “suspended” death sentence (execution postponed for 2 years) for Mr. Ton Duc Thuan, former General Director of Citibank Bank of China. Accepting bribe.
According to the court’s decision, he illegally obtained assets worth about 980 million yuan (134 million USD) over 16 years (2003–2019). The court said the official’s conduct constituted a bribery crime on a grand scale, adding, “The circumstances were particularly serious and the social impact was particularly bad, causing great harm to the state and the people.” People deserve the death penalty.
Earlier, in October, China arrested Liu Lienke, former chairman of the board of directors of Bank of China, following a month-long corruption investigation.
radio cnn Citing sources from cover news (China) Mr Chen Shaojie, chairman and CEO of Chinese live streaming platform Douyu, has become the latest technology entrepreneur to get into trouble in China.
cover news A person close to Mr Tran was quoted as saying he had not been able to contact him since October. Some unverified sources have revealed that authorities are investigating pornography and gambling activities on the DouYu platform.
