From Financial Times:
China will set up a new anti-graft agency to ferret out corruption amidst a string cases involving high-level officials and wealthy businessmen.
Gan Yisheng, secretary general of the Communist party’s Central Commission for Discipline Inspection, announced the new agency at a press conference Tuesday, a day after state media reported the detention of He Minxu, former vice governor of Anhui province, on charges of receiving at least $1.03m in bribes and selling official positions.
That news was accompanied by reports that Wu Ying, a 26-year-old businesswoman said to have almost $500m in assets, had been detained on unrelated charges of raising funds illegally. Chen Liangyu, previously the top communist official in Shanghai, is under investigation for diverting municipal pension fund money to illegal businesses and relatives in the highest profile official corruption case in a decade.[Full Text]
