EX-COSCO Group vice-president Xu Minjie has been expelled
from the Communist Party and transferred to the criminal courts for padding his
expenses while in working for China's largest shipping company, reports Lloyd's
List.
The Assets Supervision and Administration Commission
found Xu Minjie to have misreported expenses, the party's Central Commission
for Discipline Inspection said on its website.
Chinese courts usually convict those found guilty of
illegal activity by the executive arm of the Chinese Communist Party.
"Based on our findings, Xu Minjie took advantage of
his position and violated regulations. He misreported personal expenses, acts
that constitute serious violations of disciplines and laws," the website
said.
"We have decided to expel Mr Xu from the party and
transferred the suspected criminal case and findings to the judiciary
authorities."
The 30-year Cosco veteran served as an executive director
of China Cosco Holdings, and vice-chairman and managing director of port arm
Cosco Pacific.
Described as Cosco Group's number five in the Chinese
press, Mr Xu was also vice-chairman and a non-executive director of China
International Marine Containers, of which Cosco Container Industries - another
group subsidiary - was the second-largest shareholder.
China's new leadership is cracking down on corruption and
casualties include high-profile party officials and heads of state-owned
enterprises.
Other than Mr Xu, several former officials of Cosco Group
have been probed. One, a manager of a Cosco unit, was sentenced to death for
corruption, bribery and having induced perjury, though the sentence has not
been carried out.
Source : HKSG.
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