Hot on the Web
Coal giant leader detained
By Zhao Chunzhe (chinadaily.com.cn)
Updated: 2010-01-27 15:08
 |
Large Medium Small |
A high level official of a coal giant has been detained one month after he resigned with "personal reasons."
Source in the China National Coal Group Corp. (CNCGC) told the Economy & Nation Weekly that Zhang Baoshan, vice president of the state-owned company was detained after his return from Macao in December where he was found gambling, but the news has only just emerged.
"He was detained not only due to gambling but was found big amount of money sent to his account during his stay in Macao," an unnamed official said.
Gao Jinghai, president of Gold Ocean Coal Group Corp. (GOCGC) in Shanxi province, who was alleged to have sent the money to Zhang was also questioned by discipline department later, the report said.
CNCGC used to invest 3 billion yuan ($439 million) in GOCGC in September 2009.
"What kind of friend will 'lend' you 10 million yuan ($1.5 million) when you just make a call?" an unnamed official of CNCGC said.
