China’s Graft Investigators Probe Ex-Official Who Once Fought Illegal Fundraising

What’s new: An ex-official who was once in charge of combating illegal fundraising for China’s former banking regulator has been placed under investigation by the country’s top anti-corruption watchdog.

The watchdog on Sunday announced the probe into Liu Zhangjun, a former director of the department of anti-illegal fundraising at a predecessor of the China Banking and Insurance Regulatory Commission. It didn’t specify the reasons for the investigation beyond that it was related to “serious violation of law and (Communist Party) discipline.”