Removed from office
Source: Xinhua |
June 18, 2015, Thursday
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Print Edition
Print Edition
Long Zenglai, board chairman and Party chief of state-owned China Investment Securities, has been removed from office following a graft investigation, the Party’s discipline authority said yesterday.
Long is alleged to have organized banquets at luxury restaurants from January 2013 to May 2015. He filed expenses invoices totaling 400,605 yuan (US$64,497) for these banquets, inflating the bills by 159,100 yuan.
He is also accused of spending 34,389 yuan of public money since 2013 on golf, and using 17,921 yuan from the company account to finance the publication of his poetry.
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