China Probes Senior Official From Securities Regulator for Graft
Published on Dec 1, 2014
China's securities regulator said on Monday that its director in charge of a department to protect investors is being investigated for graft, the latest target in China's aggressive anti-corruption drive. The China Securities Regulatory Commission said in a statement on its website, Li Liang, who heads the Investor Protection Bureau, is suspected of "serious violation of discipline and laws." In China, the term "serious violation of discipline and laws" can be used to denote corruption. President Xi Jinping has said endemic corruption threatens the Communist Party's very survival and has vowed to go after high-flying "tigers" as well as lowly "flies".