BEIJING, June 17 -- An official with China Grain Reserve Corporation has been stripped of his Communist Party of China (CPC) membership over suspicion that he severely violated disciplinary codes, the party's disciplinary watchdog said on Tuesday.

Xu Gefei abused his power when he served as chief of the CPC committee of the corporation's Jilin provincial branch, causing huge losses, said the CPC's Central Commission for Discipline Inspection (CCDI) in a statement on its website.

Xu was also formerly general manager of the branch.

The punishment was decided after inspectors sent by the CCDI transferred Xu's case to disciplinary authorities of the State-owned Assets Supervision and Administration Commission of the State Council, according to the statement.