Bai Peizhong, former Board Chairman of Shanxi Coking Coal Group Co. Ltd., is now under investigation for suspected corruption after being dismissed from the post on December 22, 2011. Anti-corruption departments are now investigating the case.
In November, Bai's wife reported to the police that their home was robbed of 3 million yuan ($475,200) worth of goods. The two burglars were later seized and they confessed to the police they had stolen goods and cash worth 50 million yuan ($7.92 million), a sum far beyond Bai's official income.
Bai was vice mayor of Xinzhou in Shanxi Province from 2006 to 2008 before becoming board chairman of the Shanxi Coking Group, which is the country's largest coke making company, with total sales of more than 100 billion yuan ($16 billion) in 2010 and an annual output of more than 100 million tons of coal. |