For­mer SOE ex­ec­u­tive held

China Daily (USA) - - CHINA -

Lai Xiaomin, for­mer board chair­man of China Huarong As­set Man­age­ment Co, has been for­mally ar­rested, the Supreme Peo­ple’s Procu­ra­torate said on Wed­nes­day. The sec­ond branch of the Tian­jin Peo­ple’s Procu­ra­torate has been pro­cess­ing Lai’s case since the Na­tional Su­per­vi­sory Com­mis­sion com­pleted the in­ves­ti­ga­tion and handed it over, the SPP state­ment said. The Cen­tral Com­mis­sion for Dis­ci­pline In­spec­tion and the NSC an­nounced in Oc­to­ber that Lai had been ex­pelled from the Party and dis­missed from of­fice for mul­ti­ple vi­o­la­tions.

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