China arrests chairman of world's largest tin producer over bribes
Chinese authorities have arrested and charged the chairman of
the world's largest producer of refined tin, Yunnan Tin Co, for accepting
bribes. Yunnan Tin chairman Lei Yi had been charged with taking 20 million yuan
($3.27 million) in bribes from four people, the Yunnan government said on one
of its official website. The Yunnan government website said Lei had taken money
from Leed's chairman Li Hongtao to help smooth the way for Leed to buy Yunnan
Tin's 45 percent stake in a private college which both companies had set up in
2009. The tin company is based in the southwestern province of Yunnan. The
website report made no mention of Goldman Sachs, saying simply that Leed was
co-founded by a "foreign investment group".
0 comments:
Post a Comment