VP of COFCO under investigation

Zhou Zheng, vice-president of COFCO, China's leading agricultural and food company, is under disciplinary inspection and supervisory investigation, China's top anti-graft watchdogs said on Wednesday.

The Communist Party of China Central Commission for Discipline Inspection and the National Supervisory Commission issued a statement indicating that Zhou is suspected of seriously violating Party disciplines and national laws.

Zhou has been working for COFCO for nearly 30 years. He once served as the chairman of COFCO Property, a subsidiary of COFCO that is now known as Grand Joy Holdings Group.

In January 2012, he became the vice-president of COFCO and served as a member of the company's Leading Party Group in December 2013.

The rectification of problems in the field of grain purchasing and marketing is a focus of the government's anti-corruption work this year. COFCO is on the target list of the first round of disciplinary inspection, which was launched by the 20th CPC Central Committee in March.

In June, the CCDI and NSC publicized the cases of two officials under COFCO's affiliated companies who were suspected of being involved in corruption and committing other violations.