Baosteel executive investigated for corruption

Baosteel executive investigated for corruption

Shanghai: China’s largest ever anti-corruption sweep in government agencies and state run companies has been intensified lately.

The Central Commission for Discipline Inspection announced yesterday that Cui Jian, vice general manager of state run steel producer Baosteel, is currently under investigation by authorities for alleged corruption.

Baosteel runs a shipping division Shanghai Baosteel Shipping, which operates 11 bulkers with total capacity of 270,000 dwt. It also operates a shipping joint venture Hong Kong Haibao Shipping with China Shipping Group.

The anti-graft drive has snared many in shipping, shipbuilding and commodities to date.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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