Song Lin, chairman of China Resources Company, has been sacked after being arrested as part of a corruption investigation.
The state-owned conglomerate incorporates businesses in Hong Kong and the mainland, and is one of the largest companies in the world, with around half a million staff.
Song’s corruption was reportedly made known to the Central Committee of the Communist Party in 2010, and he is facing serious charges, including bribery and money laundering for high-ranking Party officials.
Previously, there was high-level interference with Song’s case, and it is rumored that three very powerful “tigers” tried to stop the investigation.
Who could they be? Some netizens speculated that former security tsar Zhou Yongkang might be involved, but he has been under house arrest for several months.
So who else has been backing Song? The names of former Party leader Jiang Zemin and powerbroker Zeng Qinghong have also been mentioned by netizens, but only time will tell, as the slow hunt for tigers continues.