China’s Anti-Graft Agency Probes Former Telecom and Bank Exec

Li Guohua, a former general manager of China United Network Communications Group Co. Ltd. (China Unicom), one of the country’s three biggest state telecom carriers, has been put under investigation by the country’s top anti-graft agency.

Li, 61, is being investigated on suspicion of serious violation of law and Communist Party discipline, the Central Commission for Discipline Inspection (CCDI) said in a statement on Friday. Announcements of such nature typically allude to graft.