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China probes ex-chairman of Everbright for ‘disciplinary violations’
© Reuters. FILE PHOTO: The company logos of China Everbright Limited are displayed at a news conference on the company’s annual results in Hong Kong, China March 23, 2016. REUTERS/Bobby Yip
SINGAPORE (Reuters) – China’s anti-graft watchdog said on Wednesday it is investigating Li Xiaopeng, the ex-chairman of state-owned financial conglomerate China Everbright (OTC:) Group, for serious “disciplinary violations”.
The one-line statement was posted on the website of the Central Commission for Discipline Inspection (CCDI) and comes less than two weeks after Everbright said Li had resigned from his post.
Reuters could not reach the company for comment as it was closed for a public holiday.
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