Investigations against head of state-owned aviation fuel giant

What’s new: The top manager of China’s largest state-owned aviation fuel supplier has been investigated by corruption hunters after the company struggled with declining sales and a failed IPO.

Zhou Qiang, Chairman and Chief of the Communist Party China National Aviation Fuel Group Ltd. (CNAF)is being investigated on suspicion of serious violations of discipline and laws,” the party’s Central Disciplinary Commission said on Sunday. The term often refers to corruption.