ecns [expanded by feedex.net]: Former auto executive in graft probe

ecns [expanded by feedex.net]

ecns

Former auto executive in graft probe
http://www.ecns.cn/2014/08-31/132334.shtml
Aug 31st 2014, 01:28



2014-08-31 10:28 Shanghai Daily Web Editor: Li Yan


China's anti-graft watchdog has said it is investigating a former senior executive of carmaker FAW Group Corp for corruption, the latest target in a widening probe against the company.


An Dewu, FAW's former deputy general manager, is being probed for "suspected serious violations of the law," the Central Commission for Discipline Inspection, said late on Friday.


The brief report did not give any details of the investigation, but the phrase "serious violations of the law" is often used to denote corruption.


An and other officials at FAW were unavailable for comment.


Li Pengcheng, a spokesman for FAW-Volkswagen, said he "does not know" anything about the investigation and referred all inquiries to FAW.


State-owned FAW has a joint venture with Volkswagen AG, which is one of two such enterprises the German automaker has in China.


The investigation into An was announced several days after the discipline inspection commission said it was investigating two other executives — one former and one current — at the car company for "seriously violating the law."


Volkswagen's luxury brand Audi and other foreign brands like Daimler AG's Mercedes-Benz and Fiat SpA's Chrysler have been under investigation in China over their pricing practices as Beijing steps up enforcement of its antitrust laws.


Earlier this month, the National Development and Reform Commission, China's top economic planning agency, said both Audi and Chrysler would be punished for monopolistic practices.


It was not immediately clear if the two probes were related.


Separately, the corruption watchdog said it is investigating Ren Runhou, the vice governor of north China's Shanxi province, also for "suspected serious violations of the law."


Ren is the latest target amid an intensifying crackdown on graft in the province.


President Xi Jinping said endemic corruption threatens the survival of the Communist Party and vowed to go after high-flying "tigers" and lowly "flies."





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