China Corruption: ICBC Beijing Vice-President Ying Weiyun Investigated for Corruption, Ex-Deputy General Manager of Citic Group Xu Zuo Investigated for Corruption, Ex-Vice-Governor & Deputy Director of China Shaanxi Province Lin Jinzhu Pleads Guilty to Corruption & Accepting $59 Million Bribes
13th June 2024 | Hong Kong
China Corruption – ICBC Beijing Vice-President Ying Weiyun is being investigated for corruption. The ex-Deputy General Manager of Citic Group Xu Zuo is being investigated for corruption. The ex-Vice-Governor & Deputy Director of China Shaanxi Province Lin Jinzhu has pleaded guilty to corruption & accepting $59 million in bribes. More on corruption below:
“ China Corruption: ICBC Beijing Vice-President Ying Weiyun Investigated for Corruption, Ex-Deputy General Manager of Citic Group Xu Zuo Investigated for Corruption, Ex-Vice-Governor & Deputy Director of China Shaanxi Province Lin Jinzhu Pleads Guilty to Corruption && Accepting $59 Million Bribes “
China Corruption: Ex-Vice Chairman of China Shandong Province Political Advisory Body Sun Shutao Sentenced to Jail for Life for Receiving $18 Million in Bribes, Vice Mayor of Beijing Gao Peng Removed from Position for Corruption, Ex-Chairman of China State-Owned China State Shipbuilding Corporation Finance Unit Zhong Chuan Finance Li Chaokun Investigated for Corruption
7th June 2024 – China Corruption – The ex-Vice Chairman of China Shandong Province political advisory body Sun Shutao has been sentenced to jail for life for receiving $18 million in bribes. The Vice Mayor of Beijing Gao Peng has been removed from his position for corruption. The ex-Chairman of China state-owned China State Shipbuilding Corporation finance unit Zhong Chuan Finance Li Chaokun is being investigated for corruption. More on corruption below:
China Corruption: Ex-General Manager of China Huarong Bai Tianhui Sentenced to Death for Receiving $152 Million in Bribes Between 2014 to 2018, Ex-Chairman of China Huarong Lai Xiaomin was Sentenced to Death in 2021 for Receiving $247 Million Bribes Between 2008 to 2018, Ex-Inspectors of China Banking & Insurance Regulatory Commission Zhao Dongsheng & Li Shiqian Investigated for Corruption, Ex-Chief of China General Administration of Sport Gou Zhongwen Investigated for Corruption, Ex-Vice Governor of Hubei Province Cao Guangjing Found Guilty of Corruption for Receiving $27 Million in Bribes & Leaking Insider Information & Generating $1.4 Million in Profit, Ex-Deputy General Manager of China Energy Investment Li Dong Found Guilty of Receiving $15 Million in Bribes, Ex-Chairman of Jinneng Holding Supervisory Board Wang Jianshe Investigated for Corruption, Chairman of Jilin Energy Investment Group Zhang Jinfeng Investigated for Corruption
31st May 2024 – China Corruption – The ex-General Manager of China Huarong Bai Tianhui has been sentenced to death for receiving $152 million in bribes between 2014 to 2018. In 2021, the ex-Chairman of China Huarong Lai Xiaomin was sentenced to death for receiving $247 million bribes between 2008 to 2018. The ex-Inspectors of China Banking & Insurance Regulatory Commission Zhao Dongsheng & Li Shiqian are being investigated for corruption. The ex-Chief of China General Administration of Sport Gou Zhongwen is being investigated for corruption. The ex-Vice Governor of Hubei Province Cao Guangjing has been found guilty of corruption for receiving $27 million in bribes & leaking insider information and generating $1.4 million in profit. The ex-Deputy General Manager of China Energy Investment Li Dong has been found guilty of receiving $15 million in bribes. The ex-Chairman of Jinneng Holding Supervisory Board Wang Jianshe is being investigated for corruption. The Chairman of Jilin Energy Investment Group Zhang Jinfeng is being investigated for corruption. More on corruption below:
China Corruption: China Minister of Agriculture & Rural Affairs Tang Renjian under Investigation for Corruption, Ex-Vice President of Agricultural Bank of China Lou Wenlong & His Son Lou Jie under Investigation for Corruption, Ex-Head of Bank of Guizhou Xu An under Investigation for Corruption, Vice-Chairman of Hainan Province Legislature Liu Xingtai under Investigation for Corruption, Ex-Vice Chairman of Political Consultative Body in East China & Party Chief of Suqian Wang Hao under Investigation for Corruption
23rd May 2024 – China Corruption – China Minister of Agriculture & Rural Affairs Tang Renjian has been placed under investigation for corruption. The ex-Vice President of Agricultural Bank of China Lou Wenlong & his son Lou Jie have been placed under investigation for corruption. The ex-Head of Bank of Guizhou Xu An has been placed under investigation for corruption. The Vice-Chairman of Hainan Province Legislature Liu Xingtai has been placed under investigation for corruption. The ex-Vice Chairman of Political Consultative Body in East China & Party Chief of Suqian Wang Hao has been placed under investigation for corruption.
China Corruption: Ex-Vice Chairman of Liaoning Province Political Consultative Body Sun Yuanliang Sentenced to Suspended Death for Receiving $25 Million in Bribes, ex-Chief of Anti-Corruption at Industrial & Commercial Bank of China Liu Lixian Charged for Bribery, ex-Chairman of China Futures Association An Qingsong Fired for Misconduct, Bribery & Corruption, ex-Deputy General Bank of China Construction Bank Asset Management Tong Wentao Investigated for Corruption, ex-Deputy Director of China Conservation & Research Center for the Giant Panda Zhang Haiqing Investigated for Corruption, ex-Deputy General Manager of China General Nuclear Power Tan Jiansheng Investigated for Corruption, ex-Chairman of ChemChina Wen Jianxin & ex-President of ChemChina Yang Xingqiang Investigated for Corruption in Acquisition of Switzerland Syngenta
16th May 2024 – China Corruption – The ex-Vice Chairman of Liaoning Province Political Consultative Body Sun Yuanliang has been sentenced to to suspended death for receiving $25 million in bribes. The ex-Chief of Anti-Corruption at Industrial & Commercial Bank of China Liu Lixian has been charged for bribery. The ex-Chairman of China Futures Association An Qingsong has been fired for misconduct, bribery & corruption. The ex-Deputy General Bank of China Construction Bank Asset Management Tong Wentao is being investigated for corruption. The ex-Deputy Director of China Conservation & Research Center for the Giant Panda Zhang Haiqing is being investigated for corruption. The ex-Deputy General Manager of China General Nuclear Power Tan Jiansheng is being investigated for corruption. The ex-Chairman of ChemChina Wen Jianxin & ex-President of ChemChina Yang Xingqiang are being investigated for corruption in the acquisition of Switzerland Syngenta (ChemChina ~ China National Chemical Corp. Ltd.).
China Corruption: Ex-General Manager of China Unicom Li Guohua Sentenced to 16 Years Jail & Fined $830,000 for Receiving $9.1 Million in Bribes, Ex-ICBC Senior Executive An Liyan Expelled from Chinese Communist Party for Corruption, Ex-ICBC Senior Executive Zhang Hongli Expelled from Chinese Communist Party for Corruption, Shanghai Insurance Exchange Chairman Ren Chunsheng Investigated for Corruption, Ex-Head of China State Tobacco Monopoly Administration Ling Chengxing Arrested for Bribery & Corruption, Ex-Senior Executive of CNOOC Qi Meisheng Investigated for Corruption
10th May 2024 – China Corruption – The ex-General Manager of China Unicom Li Guohua had been sentenced to 16 years jail & fined $830,000 for receiving $9.1 million in bribes. Ex-ICBC senior executive An Liyan had been expelled from the Chinese Communist Party for corruption. Ex-ICBC senior executive Zhang Hongli had been expelled from the Chinese Communist Party for corruption. The Shanghai Insurance Exchange Chairman Ren Chunsheng is being investigated for corruption. The ex-Head of China State Tobacco Monopoly Administration Ling Chengxing has been arrested for bribery & corruption. The ex-senior executive of CNOOC Qi Meisheng is being investigated for corruption.
China Corruption: Ex-China Vice-Justice Minister Liu Zhiqiang Investigated for Corruption, Ex-Head of Guangdong Health Commission Duan Yufei Investigated for Corruption, Ex-Deputy Director of Anhui National Medical Products Administration Liu Zilin Investigated for Corruption
3rd May 2024 – China Corruption – The ex-China Vice-Justice Minister Liu Zhiqiang is being investigated for corruption. The ex-Head of Guangdong Health Commission Duan Yufei is being investigated for corruption. The ex-Deputy Director of Anhui National Medical Products Administration Liu Zilin is being investigated for corruption.
China Corruption: Ex-Bank of China Chairman Liu Liange Pleads Guilty to Receiving $16.7 Million Bribes over 13 Years, Beijing Vice-Mayor Gan Peng under Investigation for Corruption, China Securities Regulatory Commission Director of Technology Supervision & IT Service Centre Yao Qian under Investigation for Corruption, Ex-Chairman Shaanxi Provincial Committee of the Chinese People’s Political Consultative Conference Han Yong Expelled from Communist Party of China for Bribery & Corruption, Ex-Chairman of the Standing Committee of Shanghai Municipal People’s Congress Dong Yunhu Charged for Bribery, China National Peoples’ Congress Removed 4 Delegates from Positions – Han Shuwang, Yang Xiaoming, Xu Nuojin & Gu Zhengju
28th April 2024 – China Corruption – The ex-Bank of China Chairman Liu Liange has pleaded guilty to receiving $16.7 million of bribes over 13 years. The Beijing Vice-Mayor Gan Peng is under investigation for corruption. The China Securities Regulatory Commission Director of Technology Supervision & IT Service Centre Yao Qian is under investigation for corruption. The ex-Chairman Shaanxi Provincial Committee of the Chinese People’s Political Consultative Conference Han Yong has been expelled from the Communist Party of China for bribery & corruption. The ex-Chairman of the Standing Committee of Shanghai Municipal People’s Congress Dong Yunhu has been charged for bribery. The China National Peoples’ Congress has removed 4 delegates from their positions – Han Shuwang, Yang Xiaoming, Xu Nuojin & Gu Zhengju.
China Corruption: Ex-Chairman of China Everbright Tang Shuangning Charged for Receiving Bribes & Embezzlement, Ex-Deputy General Manager of Taiping Insurance Xiao Xing Charged for Receiving Bribes, Ex-Deputy Head of Beijing Municipal Education Commission Liu Xiaoming Sentenced to 10 Years Jail & Fined $83,000 for Receiving Bribes, Ex-Deputy Chief of Fire & Rescue Department Zhang Fusheng Pleads Guilty to Charges for Receiving $5.5 Million Bribes Over 25 Years from 1997 to 2022, Ex-Vice Chairman of China Guangxi Zhuang Qin Rupei Investigated for Corruption, Ex-Vice Chairman of Inner Mongolia Du Zi Investigated for Corruption
20th April 2024 – China Corruption – The ex-Chairman of China Everbright Tang Shuangning has been charged for receiving bribes & embezzlement. The ex-Deputy General Manager of Taiping Insurance Xiao Xing has been charged for receiving bribes. The ex-Deputy Head of Beijing Municipal Education Commission Liu Xiaoming has been sentenced to 10 years jail & fined $83,000 for receiving bribes. The ex-Deputy Chief of Fire & Rescue Department Zhang Fusheng has pleaded guilty to charges for receiving $5.5 million bribes over 25 years from 1997 to 2022. The ex-Vice Chairman of China Guangxi Zhuang Qin Rupei has been investigated for corruption. The ex-Vice Chairman of Inner Mongolia Du Zi has been investigated for corruption.
China Corruption: Ex-Chief of China ICBC Asset Management Gu Jiangang Charged for Receiving Bribes & Embezzlement, Ex-Chairman of Shanghai-Listed Guangzhou Port Li Yibo Arrested for Corruption, Ex-Shanghai State-Owned Assets Supervision & Administration Commission and President of Shanghai Shentong Metro Bai Tinghui Charged for Receiving Bribes, Ex-Deputy Chief of China Shanxi Provincial Energy Administration Wang Maosheng Investigated for Corruption
12th April 2024 – China Corruption – The ex-Chief of China ICBC Asset Management Gu Jiangang has been charged for receiving bribes & embezzlement. The ex-Chairman of Shanghai-Listed Guangzhou Port Li Yibo has been arrested for corruption. The ex-Shanghai state-owned Assets Supervision & Administration Commission and President of Shanghai Shentong Metro Bai Tinghui has been charged for receiving bribes. The ex-Deputy Chief of China Shanxi Provincial Energy Administration Wang Maosheng has been investigated for corruption.
China Corruption: Ex-China Justice Minister Tang Yijun Investigated for Corruption, Ex-Chairman of China State-Owned Anhui Jianghuai Automobile An Jin Investigated for Corruption, 2 Senior Executives of China State-Owned Oil Giant CNOOC Ex-Vice President Fang Zhi & Ex-Deputy General Manager for Tianjin Subsidiary Chen Ming Investigated for Corruption, Deputy Secretary of Guizhou Discipline Inspection Commission Zhang Ping Investigated for Corruption
6th April 2024 – China Corruption – The ex-China Justice Minister Tang Yijun is being investigated for corruption. The ex-Chairman of China state-owned Anhui Jianghuai Automobile An Jin is being investigated for corruption. 2 senior executives of China state-owned oil giant CNOOC (China National Offshore Oil Corp) ex-Vice President Fang Zhi & ex-Deputy General Manager for Tianjin Subsidiary Chen Ming are being investigated for corruption. The Deputy Secretary of Guizhou Discipline Inspection Commission Zhang Ping is being investigated for corruption. More info below:
China Corruption: Ex-Head Coach of China National Soccer Team Li Tie Pleads Guilty to $15 Million Bribery Charges to Manipulate Player Selections & Match Results, Ex-Deputy Head of China Tobacco Regulator He Zehua Pleads Guilty to Receiving $130 Million in Bribes, Ex-Deputy Director of China Banking & Insurance Regulatory Commission Zhang Jinsong Investigated for Suspected Corruption
30th March 2024 – China Corruption – The ex-Head Coach of China national soccer team Li Tie has pleaded guilty to $15 million bribery charges to manipulate player selections & match results. The ex-Deputy Head of China Tobacco regulator He Zehua has pleaded guilty to receiving $130 million in bribes. The ex-Deputy Director of China Banking & Insurance Regulatory Commission Zhang Jinsong is being investigated for suspected corruption. More info below:
China Corruption: Chairman of Cigarette Packaging Shenzhen Jinjia Group Xiao Luyu Detained & Investigated for Corruption, Ex-President of Beijing Jishuitan Hospital Tian Wei Investigated for Corruption, Ex-China Anti-Terrorism Commissioner Liu Yuejin Investigated for Corruption
23rd March 2024 – China Corruption – The Chairman of cigarette packaging company Shenzhen Jinjia Group Xiao Luyu has been detained & investigated for corruption. The ex-President of Beijing Jishuitan Hospital Tian Wei has been investigated for corruption. The ex-China anti-terrorism commissioner Liu Yuejin has been investigated for corruption. More info below:
China Corruption: China Central Bank PBOC Director of Business Management Zhou Pengbo Detained for Corruption Investigation, Ex-Executive Vice President of China Development Bank Li Jiping Investigated for Corruption, Ex-Deputy Chinese Party Secretary & General Manager of China National Offshore Oil Corp CNOOC Li Yong Investigated for Corruption, Chinese Communist Party Chief of Beijing Sport University Cao Weidong Investigated for Corruption
16th March 2024 – China Corruption – China central bank PBOC (People’s Bank of China) Director of Business Management Zhou Pengbo has been detained for corruption investigation. The ex-Executive Vice President of China Development Bank Li Jiping is being investigated for corruption. The ex-Deputy Chinese Party Secretary & General Manager of China National Offshore Oil Corp (CNOOC) Li Yong is being investigated for corruption. The Chinese Communist Party Chief of Beijing Sport University Cao Weidong is being investigated for corruption. More on info below:
China Corruption: Bank of Beijing Ex-Chairman Yan Bingzhu Placed under Investigation for Corruption, Zhongyuan Bank Ex-Chairman Xu Nuojin Placed under Investigation for Corruption
3rd March 2024 – China Corruption – Bank of Beijing ex-Chairman Yan Bingzhu had been placed under investigation for corruption. Zhongyuan Bank ex-Chairman Xu Nuojin had been placed under investigation for corruption. In late February 2024 – Bank of China ex-Chairman Liu Liange has been charged for bribery & illegally granting loans at Bank of China and Export-Import Bank of China (EXIM) resulting in large losses. Export-Import Bank of China ex-President Li Li had pleaded guilty in 2023 for receiving $14 million in bribes. 2 former executives of Ningbo Semiconductor International General Manager Huang He and Finance Head Wang Ying had been sentenced to 4 years jail each for misappropriating company funds. More info on corruption below:
China Corruption: Bank of China Ex-Chairman Liu Liange Charged for Bribery & Illegally Granting Loans at Bank of China & Export-Import Bank of China Resulting in Large Losses, Export-Import Bank of China Ex-President Li Li Pleaded Guilty in 2023 for Receiving $14 Million in Bribes, 2 Former Executives of Ningbo Semiconductor International General Manager Huang He & Finance Head Wang Ying Sentenced to 4 Years Jail for Misappropriating Company Funds
24th February 2024 – China Corruption – Bank of China ex-Chairman Liu Liange has been charged for bribery & illegally granting loans at Bank of China and Export-Import Bank of China (EXIM) resulting in large losses. Export-Import Bank of China ex-President Li Li had pleaded guilty in 2023 for receiving $14 million in bribes. 2 former executives of Ningbo Semiconductor International General Manager Huang He and Finance Head Wang Ying had been sentenced to 4 years jail each for misappropriating company funds. More info on corruption below:
China Corruption: Ex-President of China Merchants Bank Tian Huiyu Receives Suspended Death Sentence for Bribery & Insider Trading, Ex-General Manager of Taiping Life Insurance Zhang Ke Expelled from Chinese Communist Party for Corruption & Bribery, Ex-Chinese Communist Party Chief of Guizhou Province Sun Zhigang Expelled for Corruption & Bribery, Ex-President of Shanghai International Port & Chinese Football Association Chen Xuyuan Pleaded Guilty to Receiving $11.3 Million in Bribes, Ex-Deputy General Manager of China National Pharmaceutical Group Zhou Bin Investigated for Corruption, Ex-Chairman of China National Petroleum Corp Wang Yilin Investigated for Corruption
10th February 2024 – China Corruption – The ex-President of China Merchants Bank Tian Huiyu has received a suspended death sentence for bribery & insider trading. The ex-General Manager of Taiping Life Insurance Zhang Ke had been expelled from the Chinese Communist Party for corruption & bribery. The ex-Chinese Communist Party Chief of Guizhou Province Sun Zhigang had been expelled for corruption & bribery. The ex-President of Shanghai International Port & Chinese Football Association Chen Xuyuan had pleaded guilty to receiving $11.3 million in bribes. The ex-Deputy General Manager of China National Pharmaceutical Group Zhou Bin is being investigated for corruption. The ex-Chairman of China National Petroleum Corp Wang Yilin is being investigated for corruption.
China Corruption: Ex-Chinese Communist Party Chief of China Hunan Province Xiangtan Cao Jiongfang Charged for Abuse of Power with Debt Violations & Previously Charged with Bribery in 2022
1st February 2024 – China Corruption – The former Chinese Communist Party Chief of China Hunan Province Xiangtan Cao Jiongfang had been charged for abuse of power with debt violations, and was previously charged with bribery in 2022. More on China corruption below:
China Corruption: ICBC Ex-Head of Disciplinary Task Force Liu Lixian Expelled from Chinese Communist Party for Bribery & Obtained Foreign Residency, Fujian Province Legislative Body Ex-Vice-Chairman & Vice-Governor Su Zengtian Investigated for Corruption, Ex-Deputy General Manager of Shanghai United Media Group & Chairman of SUMG Asset Management Cheng Feng Charged in Court for $5.4 Million Bribery & Receiving $15 Million in Philippines under Names of Relatives
25th January 2024 – China Corruption – The ICBC former Head of Disciplinary Task Force Liu Lixian had been expelled from the Chinese Communist Party for bribery & obtaining foreign residency. The Fujian Province legislative body former Vice-Chairman & Vice-Governor Su Zengtain is being investigated for corruption. The ex-Deputy General Manager of Shanghai United Media Group & Chairman of SUMG Asset Management Cheng Feng has been charged in court for $5.4 million bribery and receiving $15 million in the Philippines under the names of his relatives.
China Corruption: China Development Bank Ex-Vice President Wang Yongsheng Arrested for Suspected Bribery & Expelled from Chinese Communist Party
18th January 2024 – China Corruption – China Development Bank former Vice President Wang Yongsheng had been arrested for suspected bribery & expelled from the Chinese Communist Party. In 2023 July, Wang Yongsheng was reported to be investigated for corruption.
China Corruption: Shenzhen Ex-Mayor Chen Rugui Admitted to Receiving $15 Million in Bribes in Between 2003 to 2022 To Help Secure Projects & Support Business Operations in Court Trial & Previously Expelled from Chinese Communist Party, China Citic Bank Ex-Chair Li Qingping Downgraded from Official Rank & Expelled from Chinese Communist Party for Promoting Problematic Executives at China Citic Bank
4th January 2024 – China Corruption – Shenzhen ex-Mayor Chen Rugui has admitted to receiving $15 million in bribes in between 2003 to 2022 to help secure projects & support business operations in court trial and was previously expelled from the Chinese Communist Party. China Citic Bank ex-Chair Li Qingping had been downgraded from official rank and expelled from the Chinese Communist Party for promoting problematic executives at China Citic Bank.
China Corruption: China Banking Regulator Former Vice-Chairman Cai Esheng Sentenced to Jail for Life for Receiving $57 Million in Bribes, Former China Central Bank PBOC Head of Monetary Policy Sun Guofeng Sentenced to 16 Years Jail for Receiving $2.96 Million in Bribes in Exchange for Confidential Information and Used Insider Information of Shanghai-Listed Company M&A Plan to Buy Shares & Generated $1.55 Million in Profit
3rd January 2024 – China Corruption – China banking regulator former Vice-Chairman Cai Esheng had been sentenced to jail for life for receiving $57 million in bribes. Former China central bank PBOC (People’s Bank of China) Head of Monetary Policy Sun Guofeng had been sentenced to 16 years jail for receiving $2.96 million in bribes in exchange for confidential information and used insider information of Shanghai-listed company M&A plan to buy shares & generated $1.55 million in profit.
China Corruption: New China Life Insurance Ex-Chairman Wan Feng Sentenced to 6.5 Years Jail for Receiving $1.7 Million in Bribes, Air China Executive Director & Ex-CFO Fan Cheng under Investigation for Corruption
28th December 2023 – China Corruption – New China Life Insurance former Chairman Wan Feng had been sentenced to 6.5 years in jail for receiving $1.7 million in bribes (CNY 12 million), Air China Executive Director & former CFO Fan Cheng had been placed under investigation for corruption.
China Corruption: Shanghai Chief Prosecutor Zhang Bencai Sentenced to 13 Years Jail & Fined $560,000 for Receiving $6.7 Million of Bribes Over 16 Years, China Cinda Asset Management Vice President Zhuang Enyue under Investigation for Corruption
21st December 2023 – China Corruption – Shanghai former Chief Prosecutor Zhang Bencai had been sentenced to 13 years jail and fined $560,000 (CNY 4 million) for receiving $6.7 million of bribes (CNY 48 million) over 16 years. China Cinda Asset Management former Vice President Zhuang Enyue had been placed under investigation for corruption.
China Corruption: Ex-Inner Mongolia Official Li Jianping Sentenced to Death for $420 Million Corruption with Case Pending Appeal, Ex-Liaoning Province Police Chief Xue Heng Sentenced to 15 Years Jail for Receiving $19 Million in Bribes & Fined $880,000, Ex-China Railway Minister Sheng Guangzu Sentenced to 15 Years Jail & Fined $836,000, Ex-Head of China Development Bank Guizhou Branch Li Gang under Investigation for Corruption, Ex-Deputy Secretary of Chinese Communist Party of Xinjiang Li Pengxin under Investigation for Corruption
15th December 2023 – China Corruption – The former Inner Mongolia official Li Jianping had been sentenced to death for $420 million corruption with the case pending appeal. The former Liaoning Province Police Chief Xue Heng had been sentenced to 15 years jail for receiving $19 million in bribes & fined $880,000. The former China Railway Minister Sheng Guangzu had been sentenced to 15 years jail & fined $836,000. The former Head of China Development Bank Guizhou Branch Li Gang had been placed under investigation for corruption. The former Deputy Secretary of Chinese Communist Party of Xinjiang Li Pengxin had been placed under Investigation for corruption.
China Corruption: Shanghai Largest State-Owned Group Shanghai Industrial Investment Holdings President Zhou Jun Investigated for Corruption, Shanghai Pharmaceuticals Holding Vice-President Gu Haoliang Joins 5 Other Executives to be Investigated for Corruption, China Development Bank Vice-President Zhou Qingyu Expelled from Chinese Communist Party for Abuse of Power & Corruption with All Assets Confiscated
24th November 2023 – China Corruption – Shanghai largest state-owned group Shanghai Industrial Investment Holdings President Zhou Jun is being investigated for corruption & resigns as Chairman of Shanghai Pharmaceuticals Holding, Vice-Chairman & Chief Executive of Shanghai Industrial Holdings & Chairman of SIIC Environment Holdings. Shanghai Pharmaceuticals Holding Vice-President Gu Haoliang joins 5 other executives to be investigated for corruption. China Development Bank Vice-President Zhou Qingyu had been expelled from the Chinese Communist Party for abuse of power & corruption with all assets confiscated.
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