CHINA TOPIX

11/05/2024 12:29:43 am

Make CT Your Homepage

China Resources Holding Former Chairman Faces Prosecution for Corruption

Song Lin, China Resources Holdings,

(Photo : Reuters/Stringer) The chairman of China Resources Holdings, Song Lin, has been dismissed from his position and removed from the Communist Party after investigators found him guilty of corruption.

The former chairman of a major state-owned company China Resources (Holdings) Co. Ltd is set to face prosecution for various crimes including corruption and embezzlement.

Song Lin was fired last year after he was officially placed under investigation for corruption. He has since been expelled from the Communist Party of China for corruption and his violation of the Party's code of conduct.

Like Us on Facebook

According to the CPC's Central Commission for Discipline Inspection (CCDI), Song was found to have used his position to seek promotions, accept bribes, extort and benefit from other people's business.

The CCDI released a statement on Friday saying that investigators have found out that Song spent public funds for his personal purposes like playing golf. He was also found to be guilty of adultery.

Besides being relieved from all public positions, all Song's ill-gotten gains have been seized by authorities.

His case has since been transferred to the judiciary for prosecution. However, no dates have been announced for his trial.

Wang Shuaiting, the former vice-chairman of the same state-owned company, has also been accused of similar crimes. Wang, who has also been expelled from the CPC, is scheduled to face prosecution.

State prosecutors have approved the detention of both Song and Wang. Officials have started developing a case against both men.

For some time now, the CCDI has been investigating officials at China Resources Holdings for corruption. The company consists of a group of government land, energy and consumer businesses in Hong Kong and mainland China. The company also includes China Resources Power, Gas and Cement companies.

Beijing's commitment to ridding the country of corruption has gained momentum since President Xi Jinping vowed to crack down on the negative practice. Several high-ranking officials have been removed from office for corruption under the current Chinese government.

Real Time Analytics