China Probes Sinosure Chief Auditor for Alleged Violations

China’s top anti-graft authority announced an investigation into the chief auditor of China Export & Credit Insurance Corp. while another Sinosure official was reprimanded for obstructing the agency’s work.

Ma Lun, chief auditor of Sinosure, is suspected of “serious disciplinary violations,” the Communist Party’s Central Commission for Discipline Inspection said in a statement posted on its website on Saturday.

The discipline office of Sinosure will also start a probe of Hu Zhengming, head of its general office, for “violation issues,” the agency said in another statement. Hu has been given a warning and transferred from his post for allegedly obstructing an inspection by the agency at the company, according to the statement.

The agency is carrying out its first broad checks on the financial industry since President Xi Jinping became head of the Communist Party in November 2012.

— With assistance by Aipeng Soo

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