China’s Communist Party expels former boss of Hangzhou for graft

China’s anti-corruption watchdog stated on Wednesday it had expelled a former Communist Party secretary of the expertise hub of Hangzhou from the get together, 5 months after asserting he was being investigated for severe violations of the legislation.
The Central Commission for Discipline Inspection (CCDI) stated that following an investigation, it discovered that Zhou Jiangyong “supported the disorderly expansion of capital”, “illegally accepted huge amounts of property in collaboration with relatives” and “engaged in familial corruption”. It didn’t elaborate on the precise nature of Zhou’s suspected crimes or identify any firms concerned. Zhou was not accessible for remark and Reuters was not in a position to decide if he had a lawyer.
The CCDI stated in a press release that because of its investigation, Zhou has been expelled from the get together and would quickly face prosecution.

The fee first introduced it had positioned Zhou below investigation for “serious violations of discipline and laws” in August. Days later, it requested hundreds of officers in Hangzhou to conduct self-examinations and resolve any business-related conflicts of curiosity involving themselves or kin.

Last week, state broadcaster CCTV aired a documentary alleging that Zhou had capitalised on his place to assist his brother’s companies, which the pair illegally profited from, together with accepting bribes. It additionally interviewed Zhou, who confessed to such deeds however didn’t identify any firms.
On Friday, the Financial Times cited public information and sources linking Hangzhou-based fintech big Ant Group to the corruption case. Ant Group didn’t reply to a request for touch upon the report.