Friday, January 8, 2010

China Mobile sacks vice-chairman


Zhang Chunjiang

China Mobile sacks vice-chairman
08-01-2010

China Mobile has dismissed its vice-chairman, who a business magazine reported is being investigated for misconduct when he worked for another operator.

Zhang Chunjiang, a prominent figure in China's state-owned telecoms industry, was earlier fired as an executive of China Mobile's parent company and secretary of its Communist Party committee, according to state media.

Mr Zhang was removed yesterday, the company said in a statement. It cited "alleged serious financial irregularities"' but gave no details.

China's most prominent business magazine, Caijing, said he was suspected of hiding losses at another state-owned phone company where he was chairman before he joined China Mobile in 2008.