The Straits Times
Published on Nov 05, 2012

China to launch inquiry into Wen 'family wealth': Report


HONG KONG(AFP) - China's ruling Communist Party has launched an inquiry into the alleged wealth of Premier Wen Jiabao's family at his own request, a report said on Monday.

Citing sources, Hong Kong's South China Morning Post (SCMP) said Mr Wen had written to the Politburo Standing Committee - the country's highest policy-making body, of which he is a member - formally asking for the probe.

It comes after the New York Times reported that Mr Wen's family had accumulated at least US$2.7 billion (S$3.3 billion) in assets in various sectors, according to an analysis of company and regulatory filings from 1992-2012.

The report on Mr Wen's letter and the inquiry is unusual. The communist party normally ensures that its internal affairs are covered by a strict veil of secrecy.