Ex-Deputy of Anbang Takeover Task Force Falls Under Graft Probe

What’s new: An anti-corruption investigation into Fu Fei, a former department director of China Insurance Security Fund Co. Ltd. (CISF), could be related to his work during the state takeover of Anbang Insurance Group Co. Ltd., sources told Caixin.

China’s top graft buster announced Thursday that Fu has been put under investigation for alleged “serious violations of (Communist Party) discipline and laws,” which usually refers to corruption.