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ChinaCoal chief arrested over corruption
By Jane Chen |
January 27, 2010, Wednesday
|
Online Edition
Online Edition
THE former chief of China's second-largest state-owned coal company has been arrested over corruption, today's Chongqing Evening News quoted a close company source as saying.
The arrest came two months after Zhang Mingshan, vice general manager of China Coal Group Corp, was placed on double designation, today's Chongqing Evening News reported.
Double designation is a special investigation where a Party official must explain allegations of disciplinary violations or corruption at a designated time and place.
Zhang was double designated shortly after he returned from Macau where he was found gambling huge amounts, the report cited an unnamed company official as saying.
The money was reportedly transferred from Shanxi G-Ocean Energy Group Co, in which ChinaCoal had spent 3 billion yuan (US$439.5 million) to take a controlling share, the report added.
G-Ocean's former president Gao Jinghai was also under inquiry. Zhang's colleagues were shocked by the investigation, saying he wasn't addicted to gambling.
Zhang became ChinaCoal's president in October in 2008.
The arrest came two months after Zhang Mingshan, vice general manager of China Coal Group Corp, was placed on double designation, today's Chongqing Evening News reported.
Double designation is a special investigation where a Party official must explain allegations of disciplinary violations or corruption at a designated time and place.
Zhang was double designated shortly after he returned from Macau where he was found gambling huge amounts, the report cited an unnamed company official as saying.
The money was reportedly transferred from Shanxi G-Ocean Energy Group Co, in which ChinaCoal had spent 3 billion yuan (US$439.5 million) to take a controlling share, the report added.
G-Ocean's former president Gao Jinghai was also under inquiry. Zhang's colleagues were shocked by the investigation, saying he wasn't addicted to gambling.
Zhang became ChinaCoal's president in October in 2008.
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