BEIJING — Prosecutors in northeast China’s Jilin Province have placed two senior executives of a joint venture carmaker under investigation, said China’s top disciplinary watchdog on Tuesday.
A former deputy general manager of First Auto Works (FAW)-Volkswagen, Li Wu, and a deputy sales manager of the venture’s Audi division, Zhou Chun, are suspected of “serious violations,” according to the Central Commission for Discipline Inspection.
The one-sentence announcement gave no details. There was no indication showing that Volkswagen AG was a target of the investigation.
A Volkswagen spokeswoman in Beijing declined to comment.
FAW-Volkswagen is a joint venture between the German automaker and state-owned FAW Group Corp.
Global automakers are under scrutiny by Chinese anti-monopoly regulators. An official said earlier that Audi, Volkswagen’s luxury unit, would face unspecified punishment for violating the anti-monopoly law.
A number of Chinese executives at major companies including PetroChina Ltd., Asia’s biggest oil and gas producer, have been detained in a sweeping anti-corruption crackdown.
Report compiled with information from Xinhua and The Associated Press.