Former China Life Insurance chairman expelled from Communist Party

BEIJING (Reuters) – Wang Bin, former chairman of China Life Insurance Co and its former Communist Party chief, has been expelled from the party and dismissed from public office for bribery and corruption, China’s anti-graft watchdog said on Thursday.

Wang was found to have taken huge amounts of bribes and abused his power to seek benefit for others, the Central Commission for Discipline Inspection said in a statement on its website.

(Reporting by Ziyi Tang and Ryan Woo; Editing by Shri Navaratnam)