Probe on telco's deputy chairman
Source: Agencies |
December 29, 2009, Tuesday
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Print Edition
Print Edition
CHINA Mobile Ltd, the world's biggest telco by subscribers, yesterday said its vice chairman is under investigation for unspecified offenses, adding to a string of scandals at major Chinese state-owned companies.
Zhang Chunjiang is being probed "due to suspected serious personal violations," the telco said in a statement to the Hong Kong stock exchange.
It said he was being investigated by "relevant authorities" but gave no other details. China Mobile's press office did not immediately respond to requests by phone and e-mail for more information.
Zhang joined China Mobile in May 2008 after serving as chairman of China Netcom Ltd, a fixed-line carrier that was merged with another phone firm last year. He is also a former director of the telecoms department of the ministry that oversees the industry.
The telco posted a profit of 83.9 billion yuan (US$12.3 billion) for the first nine months of this year.
Zhang Chunjiang is being probed "due to suspected serious personal violations," the telco said in a statement to the Hong Kong stock exchange.
It said he was being investigated by "relevant authorities" but gave no other details. China Mobile's press office did not immediately respond to requests by phone and e-mail for more information.
Zhang joined China Mobile in May 2008 after serving as chairman of China Netcom Ltd, a fixed-line carrier that was merged with another phone firm last year. He is also a former director of the telecoms department of the ministry that oversees the industry.
The telco posted a profit of 83.9 billion yuan (US$12.3 billion) for the first nine months of this year.
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