China Mobile Cites Investigation Of Executive's Personal Conduct
China Mobile Ltd. said Vice Chairman Zhang Chunjiang is being investigated by officials for alleged breach of conduct related to personal reasons, the latest probe into alleged wrongdoing by an executive to roil the country’s massive state sector.
China Mobile, the world’s largest cellular carrier by subscribers, didn’t elaborate on the probe. The Web site of the state-run Xinhua news agency said Saturday that the Communist Party’s Central Commission for Discipline Inspection is investigating Mr. Zhang for “suspicion of serious violation of discipline,” language that is generally code for suspected corruption. The two-sentence report cited a commission official.
Rainie Lei, a China Mobile spokeswoman, said Saturday that the probe would have no impact on the company’s operations. Mr. Zhang couldn’t be reached for comment.