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.