(Yicai Global) Jan. 5 -- Jiang Xinhong, once the committee member of the first session of share Issuance Examination Committee of the Chinese Growth Enterprise Market, the regulator examining IPO applications, is under investigation, financial news arm of Tencent's social media app QQ reported. The investigation is believed to be related to the financially-troubled Leshi Internet & Information Technology Corp, it said.

The investigation on the Committee kicked off when the authorities found Leshi made false statements for its IPO application in 2010.  The investigation covers an estimated 10 former members of the Committee, the media reports suggested last October. Jiang Xinhong's three former colleagues have already been under investigation since last summer.

Jiang Xinhong was once a partner in an accounting firm in the southeastern Fujian province. He was selected as a committee member in 2009 when the regulator was established. He kept his post until 2011. He took role in the IPO approvals of 95 companies during the course of his term, finance.qq.com reported.

Jiang Xinhong will be under joint investigation with his three former colleagues, the report quoted informed sources as saying. He has been dispatched to a procuratorate in the southwestern Guizhou province for further public prosecution, it added.