e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Weekly Watch
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

ECONOMY
THIS WEEK> THIS WEEK NO. 1, 2012> ECONOMY
UPDATED: January 2, 2012 NO. 1 JANUARY 5, 2012
Investigated SOE Chief
Share

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.



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved