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Reuters
Reuters
Business

China's Communist Party expels state-owned insurer's executive accused of graft

FILE PHOTO: The headquarters of the Central Commission for Discipline Inspection of the Communist Party of China is pictured in Beijing, China February 10, 2018. Picture taken February 10, 2018. REUTERS/Jason Lee

China's ruling Communist Party has expelled a former chief accountant of state-controlled PICC Property and Casualty Co from the party, accusing him of illegal activities and taking bribes, the anti-graft watchdog said on Wednesday.

The Central Commission for Discipline Inspection (CCDI) opened an investigation into Shen Dong in December, when he was removed from his post as vice president at the insurer.

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