CONTRARY to widespread reports, China Ocean Shipping
Group's retired chairman Capt Wei Jiafu has not been prevented from leaving the
country because of any connection with the current corruption probe, according
to a company statement.
Said Cosco Group: "The company hereby clarifies the
rumour that former chairman Wei Jiafu was forbidden from leaving China is
groundless. The company will spare no effort to carry out authorities' plans to
combat corruption."
Cosco later confirmed to the stock exchanges the
investigation into Xu Minjie, chairman of Cosco Container Lines and a board
member of China Cosco Holdings, the group's flagship unit listed in Shanghai
and Hong Kong, but did not discuss the whereabouts of Capt Wei, said Lloyd's
List.
Source : HKSG.
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