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Entries in Liang Zhenke (1)

Friday
Oct042013

China Corruption Blotter (October 4, 2013)

Zhang Xinhua, the manger of Guangzhou-based Baiyun Nonggongshang United Co Ltd, is under investigation for accepting nearly $16 million in bribes and embezzling state assets worth $39 million. He illegally sold state land and property to private investors in exchange for the bribes. Zhang also established Guangzhou Guangtian Property Co., Ltd and Guangzhou New Yu Tian Property Co., Ltd to steal state assets from Baiyun through fake deals. http://house.southcn.com

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