According to the Supreme People’s Procuratorate statement, the government will prosecute Zhou Jiangyong, a former Party chief of Hangzhou in East China’s Zhejiang Province, on allegations of accepting “huge” bribery.

According to Bloomberg, there were no companies listed on the website of the top prosecutor. However, the investigation of Zhou has been linked to Ma’s fintech behemoth Ant.

A documentary released by China’s discipline inspection authorities earlier this year showed that Zhou used his power to help his younger brother’s businesses.

According to a local media report from August, one of those companies had received investment from a company controlled by Ant.

According to China’s top anti-graft agency, in August 2021, the CPC Central Commission for Discipline Inspection (CCDI) and the National Supervisory Commission opened disciplinary and supervisory investigations into Zhou. In January 2022, he was expelled from the Party and public office for violating the law and discipline.

The Supreme People’s Procuratorate’s brief notice said that Zhou took advantage of his position and “illegally accepted gifts of an especially large volume.”

In late 2020, Beijing kicked off a broad crackdown on the private sector. Since then, the investigation has spread to nearly every aspect of the internet, from e-commerce to social media.

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