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Ex-steel boss in probe
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CHINA’S anti-corruption agency has said it is investigating the former chairman of major Chinese steelmaker Wuhan Iron and Steel.
Deng Qilin, chairman of the company until June 2015, is alleged to have committed serious violations of discipline, the Communist Party’s Central Commission for Discipline Inspection said on its website late on Saturday.
“Disciplinary violations” is the shorthand for graft commonly used by the anti-corruption authorities.
Deng was also secretary-general of the China Iron and Steel Association, an industry body, since 2009, according to the CCDI.
Wuhan Iron and Steel’s deputy general manager, Sun Wendong, was detained by authorities in April due to possible involvement in bribery, the company has said.
Officials from other steel companies, including Baosteel Group, Guangxi Liuzhou Iron & Steel and smaller Jiuquan Steel, have also been investigated for disciplinary violations.
Wuhan Iron and Steel is China’s fourth-largest producer and has been among the firms pushing for greater government support for overseas expansion amid plunging steel prices and huge overcapacity.
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