Six months after he stepped down as deputy director and party chief of the Shanghai Free Trade Zone (FTZ), Dai Haibo is being investigated for corruption.
Dai, left, is currently the vice-secretary general of the Shanghai government. He’s suspected of violating “party discipline and laws,” a phrase China authorities typically use to describe those under investigation for graft.
The China Times reported last year that Dai’s wife blew the whistle on his corrupt practices to central discipline inspectors, triggering the investigation. Dai allegedly amassed multiple properties through illicit means and could be involved in allegedly corrupt construction projects of the Shanghai Disneyland.
Dai, the de facto head of the FTZ, is believed to be an ally of former President Jiang Zemin’s son Jiang Miankang, according to Hong Kong-based Trend Magazine. Rumors have been swirling that the younger Jiang would become a target of President Xi Jinping’s anti-corruption campaign. Dai’s detention gives rise to speculation about the uncertain fate of Jiang and his protégés in Shanghai.
Shanghai FTZ was launched in September 2013 in a bid to deepen financial reforms and further open the local service sector to foreign companies. But sluggish reforms at the FTZ have made the central government unhappy, the Financial Times said earlier.
Sources: 21st Century Business Herald (21世纪经济报道), Trend Magazine (动向杂志), Financial Times, China Times (华夏时报)
Hui Zhi is the Senior Manager for Content with the China Compliance Digest, where a version of this post first appeared.