China Mobile’s Vice Chairman Investigated For ‘Breach Of Conduct’
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China Mobile’s Vice Chairman Zhang Chunjiang is being investigated by officials for alleged breach of conduct related to personal reasons, which historically has meant that he is suspected for corruption.
China Mobile didn’t elaborate on the probe, but a company spokeswoman said Saturday that the probe would have no impact on the company’s operations, reports the WSJ. Corruption in China has been a problem in its state corporations, which typically dominate large parts of the telecom, financial, and energy sectors.
Zhang joined China Mobile, which is the largest carrier in the world by subscribers, in June after working for more than 25 years in the state telecom sector. Previously, he was chairman of state-owned fixed-line carrier China Netcom Group and helped engineer an corporate governance overhaul aimed at giving outside board members greater say. Zhang is also head of the powerful Communist Party committee at China Mobile’s state-owned parent, China Mobile Communications.
Posted In: Legal, Regulatory, Mobile, Countries, Asia, China
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