(Beijing Comprehensive News) People familiar with the matter revealed that Bao Fan, the chairman of China Huaxing Capital, who had lost contact last month, was currently detained by the CPC Central Committee Disciplinary Inspection Commission for corruption survey.
The Wall Street Journal on Thursday (March 4) quoted people familiar with the matter that the reasons for Bao Fan were related to the former president of Huaxing Capital and the Chairman of Huaxing Capital Hong Kong Securities subsidiary Jungle case.
It is reported that Bao Fan was detained in a special detention form of "reservation".The maximum period of "separation" is six months.It is not yet determined whether Bao Fan will be officially arrested or prosecuted.
People familiar with the matter said that before being detained, the relevant departments had conducted many conversations with Bao Fan for investigating the jungle case and asked him about a loan that the jungle helped the company before joining Huaxing Capital.
According to Bloomberg report last month, the jungle has been under official investigation since September last year.Huaxing Capital said on February 26 that Bao Fan was cooperating with an unprepared survey in cooperation with Chinese officials.
Recently, China has strengthened financial anti -corruption. The Central Discipline Inspection Commission published an article on the website that resolutely win the fight against corruption struggle on February 23, emphasizing the need to eliminate errors such as "financial elite theory" and "only gold money theory".Thought.
