Chairman of China Telecom under investigation

    Chairman of China Telecom under investigation

    Dec 28, Beijing: Chairman of China Telecom Chang Xiaobing is being investigated by the country's anti-corruption watchdog.

    He is suspected of serious violation of discipline, according to a statement on the Central Commission for Discipline Inspection website. The executive was reported missing by local media on Sunday.

    China Telecom is one of the largest state-owned mobile operators in China..

    Chang, 58, is the latest in a series of high-profile executives to become embroiled in Beijing's crackdown on corruption.

    He became the chairman at China Telecom in August. Earlier this year, there were reports that the government was considering merging the two telecom giants.

    The government's ongoing anti-corruption drive resulted in more than 70 senior officials at state firms being investigated in 2014.

    Little information was given on the investigation involving Chang, but the statement mentioned his position as the former chairman of the country's second-largest mobile operator China Unicom.

    Government scrutiny of the top firms in the world's second largest economy has spread beyond state-owned enterprises.

    Media reports said that Beijing's crackdown on corruption is partly about using high profile cases to prove the government is serious about tackling corruption.

    But many suspect that the downfall of some executives and other investigations can also be attributed to ongoing political infighting and an attempt to pressure high profile figures to toe the party line.

    The Oslo Times


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