Caixin
Aug 31, 2012 03:36 PM

In Guangdong, Tea Oil Greases Official Palms

 
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Wei Jinfeng, deputy director of the Guangdong Finance Department


(Guangzhou)—In the financial documents for a Guangdong Province grower and processor of tea seed oil is a list of key shareholders who also happen to be the relatives of local government officials.

Off the record, Guangdong Xindadi Biotechnology Co. Ltd. and its chief – a businessman who went out of his way to cultivate good relations with local officials – received but according to investigators never properly accounted for tens of million of yuan in government subsidies.

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