Chinese Regulator Investigates Hangzhou’s Senior Government Official for Violating State Law

China’s antigraft watchdog said that a top official in Hangzhou’s eastern tech and tourism hub has been under investigation due to alleged “serious violations of discipline and law.”

The Central Commission for Discipline Inspection (CCDI) announced late Saturday that Hangzhou Municipal Party Committee Secretary Zhou Jiangyong has been placed under a disciplinary review and supervision investigation after being accused of violating party discipline and national laws.

The notice published on the ruling Communist Party’s disciplinary agency website indicated that Zhou has accepted the disciplinary review and investigation.

The probing is being conducted by the CCDI and the State Supervision Commission.

While CCDI did not provide further details regarding the investigation, the agency usually uses such language to describe corruption cases.

Following CCDI’s announcement, e-commerce giant Alibaba’s financial arm Ant Group released a statement on Sunday to deny online rumors that Zhou bought shares of the company during its IPO.

“Ant Group had strictly followed laws and regulations of both markets in the previous IPO process, which is open and transparent. The rumors about a certain person taking shares in the company are false, not to mention the sudden share buying or refunds,” the company said in a statement published on its official WeChat account.

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