Board chairman of China Huarong Asset Management investigated for graft

BEIJING, April 17 (Xinhua) -- Lai Xiaomin, board chairman of China Huarong Asset Management Co. Ltd., was investigated for graft, the country's top disciplinary inspection agency said Tuesday.

Lai was suspected of "serious violation of Party disciplinary rules and law," according to the Central Commission for Discipline Inspection and the National Supervisory Commission.