Former China Unicom boss Chang Xiaoping will face prosecution due to corruption allegations. (Photo : Getty Images)
After finishing a series of anti-graft investigation work, the Communist Party will be prosecuting Chang Xioabing. He was the former chief executive officer of China Telecom and China Unicom.
Chang is accused of taking bribes, failing to cooperate with anti-graft inspections, and violating government laws on state-owned enterprises.
The former boss resigned from China Telecom last December, after being detained by the government for committing violations on discipline. He was put at the helm of China Telecom in August. Before his appointment at China Telecom, he was the head of the state-owned China Unicom for 14 years.
Based on the findings of the Central Commission for Disciplinary Inspection (CCDI), most of the crimes he committed were done when he was still with China Unicom.
As China Unicom chief executive officer and Communist Party member, he sold a state-owned office building in Beijing for 800 million yuan (HK$927 million). This was far below the market value. The building was sold to the family of former Central Military Commission vice-chairman Guo Boxiong.
Many top-level Party members were investigated and prosecuted since the start of President Xi Jinping's term. The Chinese president vowed to crack down on corruption.
Among these high level officials were Zong Yongkang, the Party's security czar who was sentenced to life. He was accused of taking bribes totaling to 129 million yuan (13.4 milliion pounds).
Ling Jihua was arrested and expelled from the Party the following month. Ling was former President Hu Jintao's chief of staff.
President Xi Jingping's anti-corruption drive continues. Now on his fourth year, Xi is rumored to start investigations on former President Jiang Zemin and former prime minister Wen Jibao.
