China Charges Ex-Hangzhou Party Chief With Taking ‘Huge’ Bribes
- Prosecutors said they will prosecute ex-chief Zhou Jiangyong
- Graft probe has been linked in Chinese media to Ant Group
Zhou Jiangyong in 2019.
Source: Feature China/Getty Images
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Chinese authorities accused the former Communist Party chief of Hangzhou of accepting “huge” bribes, escalating a corruption probe in the affluent eastern city where Jack Ma’s Ant Group Co. and Alibaba Group Holding Ltd. are headquartered.
The government will prosecute Zhou Jiangyong on allegations of bribery, according to a statement on the top prosecutor’s website that didn’t identify any companies. But the broader investigation into Zhou, who was arrested in February, has been linked to Ma’s fintech behemoth Ant.