Steelmaker's Boss Probed as Party Continues to Scrutinize SOEs

(Beijing) – A recently retired chairman of a major steelmaker is being investigated for "serious violations of discipline and the law," the Communist Party's graft-buster said on August 29 – the latest in string of apparent corruption problems at state-owned firms.

The Central Commission for Discipline Inspection (CCDI), the party's anti-corruption department, said on its website that it had started an inquiry into Deng Qilin, the former chairman of Wuhan Iron & Steel (Group) Corp. (WISCO), a state-owned conglomerate that is listed in Shanghai.