Official investigated for property speculation   

杭州檢方稱房管局副局長張新存在“炒房”嫌疑

原杭州住房和保障管理局副局長張新利用職務受賄，該案已被移送至杭州檢察院，成為該市繼原杭州副市長許邁永案之后最受關注的大案。浙江“兩會”期間，浙江省人大代表、杭州檢察院檢察長吳春蓮向記者透露，目前已經(jīng)查實張新在擔任建委房地產(chǎn)開發(fā)處處長期間，存在低買高賣炒房行為。

Hangzhou (CNS) -- Zhang Xin, former deputy director of Hangzhou's housing administration bureau, is under investigation for property speculation, according to Wu Chunlian, of the People's Procuratorate of Hangzhou, on Thursday.

Zhang is suspected of abusing his power while he was head of the development division of the local construction commission, Wu said, adding that the total amount of money involved is still unknown.

Zhang was reportedly suspended last December and rumored to have more than 20 houses worth 100 million yuan.

Xu Maiyong, Hangzhou's former vice mayor, was convicted of bribery, embezzlement and abuse of power in 2011.