Chairman Detained to Help in Graft Probe, Fude Insurance Says

(Beijing) – One of the country's top insurance companies said on February 22 that its chairman has been detained so he can help authorities investigate corruption.

Zhang Jun, the head of Fude Insurance Holdings Ltd., "is assisting relevant Chinese authorities with an investigation," the company said in a short statement.

Zhang's case is a "personal matter," the statement said. Fude Insurance is "not being investigated or being asked to assist the investigation."