Li Dong, former deputy general manager of the China Energy Investment Corporation (China Energy), has been expelled from the Communist Party of China (CPC) over serious violations of discipline and laws.

The punishment was announced on Wednesday in an official statement by the CPC Central Commission for Discipline Inspection and the National Commission of Supervision.

An investigation by the country's top anti-graft body found that Li, also formerly a member of the company's leading Party members group, lost track of his ideals and beliefs, and was indifferent to political consciousness.

He resisted investigations into his problems and committed a series of wrongdoings in disregard of the central Party leadership's eight-point decision on improving Party and government conduct, such as attending banquets, accepting invitations to travel and play golf, and taking money and gifts against the rules.

The statement accused Li of failing to report his personal information in accordance with the rules, interfering with job promotions for his own personal interest, and violating relevant rules by owning shares in certain non-listed companies.

He was also found to have taken advantage of his posts to seek profit for others in terms of selling products and business operations, illegally accepting huge amounts of money and property in return.

The statement said that Li's case will be transferred to prosecutors for review and prosecution procedures, and his illegal gains will be confiscated.