Official Who Oversaw Shanghai FTZ 'Investigated for Graft'

(Beijing) – A senior official in the Shanghai government who oversaw the opening of the city's pilot free trade zone has been placed under investigation by the Communist Party's graft buster.

Dai Haibo, deputy party secretary of the city government and former deputy chief of the Shanghai free trade zone, is being investigated for "serious discipline and law violations," the Central Commission for Discipline Inspection said on its website on March 17. The phase is usually taken to mean corruption.