Page last updated at 10:45 GMT, Friday, 8 January 2010

China Mobile dismisses vice-chairman

Man using mobile phone in Shanghai
China Mobile said the dismissal would not have any material effect on the business

China Mobile Ltd, the world's biggest mobile phone operator, has dismissed its vice-chairman amid allegations of "serious financial irregularities".

Zhang Chunjiang was earlier also ousted from parent company China Mobile Communications Corporation, according to state media.

The board gave no further details, but said Mr Zhang's removal would have no material effect on the business.

Reports say Mr Zhang is suspected of hiding losses at a previous company.

A report in Caijing magazine said he was being investigated for misconduct while working for another telecoms company, China Netcom.

He is alleged to have concealed losses at the firm ahead of a merger with China Unicom in 2008.

Caijing said Netcom reported losses of 11.1bn yuan ($1.6bn; £1bn) in 2003, while auditors later found losses of up to 20bn yuan.



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