China probes top exec at state investment firm for corruption

FILE - A woman walks past a signage for Citic Securities at its head office in Beijing, China, March 27, 2013. Xu Zuo, vice president at China Citic Group, is "suspected of serious disciplinary and legal violations," an inspection commission said Sunday.

A top executive at a major Chinese state-backed investment company is under investigation for corruption, the government's anti-corruption body said Sunday, as an unrelenting crackdown on graft sweeps through the finance sector.