Coal Boss Charged With Investigating Corruption Gets Investigated for Corruption
In an irony befitting modern China, the general manager of a coal company was put under investigation for corruption just two days after he was tasked with monitoring graft at the firm.
Pei Xiping, the general manager of state-owned Yangquan Coal Industry Group Co. Ltd., is being probed for serious violations of party discipline — a euphemism for corruption — China’s top anti-graft watchdog said Saturday.
The Central Commission for Discipline Inspection did not elaborate on the probe.
Pei’s is the latest in a string of corruption investigations targeting senior pro-vincial officials and top executives at state-owned coal companies, which have jolted the coal-rich region.
A former deputy head of the legislature in Shanxi province, Jin Daoming, was sentenced to life in prison in October 2016 over bribery and influence ped-dling linked to distribution of coal resources and promotion of officials.
Bai Peizhong, a former chairman of Shanxi Coking Coal Group Co., China’s biggest state-owned coking-coal firm, was sentenced to 13 1/2 years in prison two months later for accepting 35 million yuan ($5.5 million) in bribes in re-turn for favors in coal deals and promotions.
The investigation into Bai’s alleged corruption was triggered by a break-in at his house in November 2011, during which 50 million yuan worth of supposed ill-gotten wealth — including gold bars, cash and jewelry — was stolen, court documents showed.
More than a dozen top managers at large coal companies in Shanxi, including Bai, have been arrested over suspicions of bribery and embezzlement in recent years, a search of public records by Caixin showed.
Yangquan Coal, one of the top coal firms in the northern province, recorded $24.3 billion in sales in 2016, according to the company, and ranks 445 on the Fortune Global 500.
Pei, 56, spent much of his career at Yangquan Coal, rising through the ranks before he was promoted to general manager in 2012.
He was head of a group at the company to oversee an internal anti-graft operation slated to run from April to December, according to a statement released May 3 by the Shanxi Provincial State-owned Assets Supervision and Administration Commission.
Contact reporter Li Rongde (email@example.com)
Jan 24 06:56
Jan 24 06:01
Jan 24 02:16
Jan 23 18:30
Jan 23 16:00
Jan 23 10:48
Jan 23 05:58
Jan 23 03:49
Jan 23 03:41
Jan 23 03:09
Jan 22 15:44
Jan 22 06:31
Jan 22 03:47
Jan 22 03:06
Jan 21 17:02
- 1Wuhan Virus Latest: France, Australia, Nepal Confirm First Cases of Infection
- 2Reporter’s Note: We Stayed in Wuhan as the Last Trains Pulled Out
- 3Wuhan Virus Update: Health Expert Warns of ‘Super-Spreader’ of Viral Pneumonia
- 4How Did Two Women Drive a Luxury SUV Into the Forbidden City?
- 5After Layoffs, Oracle Executive Vows to Stay in China
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas