Bloomberg
China Investigates Bad-Debt Industry Veteran for Corruption
(Bloomberg) — China put a veteran bad-debt company executive under official investigation on suspicion of corruption, the latest scandal hitting the troubled industry.Hu Xiaogang, a vice president at Beijing-based China Great Wall Asset Management Co., is being probed on suspicion of “severe disciplinary and law violation,” the Communist Party’s anti-corruption watchdog, the Central Commission for Discipline Inspection, said in a statement. It only referred to Hu, 57, as a former vice president
