Sincere Holding denies chairman Wu Xu is subject of graft inquiry
A property company in Chongqing has denied a report that its chairman is under investigation for corruption. Wu Xu was helping with a graft inquiry, but was not the target of the investigation, an official at his company, Chongqing Sincere Holding Group, said.
A property company in Chongqing has denied a report that its chairman is under investigation for corruption.
Wu Xu was helping with a graft inquiry, but was not the target of the investigation, an official at his company, Chongqing Sincere Holding Group, said.
Wu, 51, has been taken away by Communist Party anti-corruption investigators over his alleged business links to the state-run conglomerate China Resources, the Economic Observer reported.
The government's anti-graft watchdog announced last month that China Resources former chairman Song Lin was at the centre of a corruption investigation.
Ren Zhou, the director of communication at Sincere Holding, said Wu was "purely assisting with the investigation".
"It is the duty of a citizen to help the authorities with official investigations," he said. "The company is operating normally."