China's anti-graft drive is making state media bolder

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China's anti-graft drive is making state media bolder

By Megha Rajagopalan BEIJING (Reuters) - China's campaign to stamp out corruption has emboldened the country's normally docile state media to push the barriers in exposing corporate wrongdoing. While it's still off-limits to delve too deeply into what government leaders and powerful institutions may be up to, recent 'undercover' state TV reports accusing state-owned Bank of China of aiding money laundering and a U.S.-owned food supplier of safety violations suggest the media are more ready to run critical reports. China's central bank said earlier this month it was investigating allegations by state broadcaster China Central Television (CCTV) that Bank of China offers a service to help Chinese move more of their cash offshore than is allowed. Bank of China, the country's fourth largest lender, has denied the allegations.

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