China Baosteel executive under investigation for corruption

By on March 31, 2015

SHANGHAI (Reuters) – A senior reputable of China’s Baosteel Team, the mum or dad of Baoshan Iron & Steel (600019.SS), is being investigated for “Serious disciplinary violations”, China’s corruption watchdog stated on Tuesday.

The graft watchdog, the Central Commission for Self-discipline Inspection (CCDI), named the respectable as vice president Cui Jian but gave no further details in a brief statement.

“Critical disciplinary violations” is the time period regularly used to discuss with corruption in China.

A Baosteel spokesman mentioned the company used to be aware about the investigation and used to be gazing developments however had no additional instant comment.

(Reporting by way of Ruby Lian and Adam Jourdan; Modifying with the aid of Edmund Klamann)

Reuters: Trade Information

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