ecns [expanded by feedex.net]: Two Chinese carmaker executives under investigation

ecns [expanded by feedex.net]

ecns

Two Chinese carmaker executives under investigation
http://www.ecns.cn/business/2014/08-26/131609.shtml
Aug 26th 2014, 08:15

2014-08-26 17:15 Web Editor: Mo Hong'e


Prosecutors in northeast China's Jilin province have placed two senior executives of a joint venture carmaker under investigation, said China's top disciplinary watchdog on Tuesday.


The news was revealed in a statement from the the Central Commission for Discipline Inspection of the Communist Party of China, although it did not specify what crimes they are suspected to have committed.


Li Wu, former deputy general manager of FAW-Volkswagen Automobile Co. Ltd. in Changchun of northeast China's Jilin Province, and Zhou Chun, deputy general manager of the carmaker's Audi sales department, are being investigated for suspected "serious violations of laws," said the commission.


Li is also the former general manager of the FAW-Volkswagen's sales department.


FAW-Volkswagen Automobile Co. Ltd. is a joint venture between FAW Group Corporation, one of China's largest state-owned carmakers, and Volkswagen.


The statement said the probe was launched after "problems and clues" were found by an inspection team dispatched to FAW Group Corporation.





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