Two executives at state-owned developer under investigation
The South China Morning Post reported this Wednesday that two senior executives from state-owned property developer Financial Street Holdings (金融街控股股份有限公司) were brought under Party discipline investigation for alleged connections to disgraced Beijing Communist Party official, Lü Xiwen (吕锡文).
Wang Gongwei (王功伟), CEO (soon to be ex?) and founder of Financial Street Holdings currently occupies its Party Secretary position, as well. Along with being a titan of industry (and corruption), Wang is also Beijing’s municipal representative to the National People's Congress. Further emphasizing why you shouldn’t mix business and politics, Wang non-ironically holds the two titles of national and Beijing municipality “model worker.”
Ju Jin (鞠瑾), board member and Deputy Party Secretary of Financial Street Holdings, formerly taught economics at Beijing Jiaotong University along with served as a board member of Great Wall Life Insurance from 2010.
Currently we at This Week in Graft are working on a “node” graph (sort of like a mind map) to highlight relationships between those currently under investigation, already taken down, and those who may be next.
SCMP article: http://www.scmp.com/news/china/policies-politics/article/1879671/chinas-communist-party-investigates-two-top-executives
“The Paper” article: https://www.thepaper.cn/newsDetail_forward_1397181
Photo courtesy of Hexun News.
