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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

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 allegedly sold state land and property to private investors in exchange for the bribes.… Continue Reading

JP Morgan China hirings trigger SEC probe

The SEC is investigating whether JP Morgan Chase violated the FCPA by hiring two children of Chinese officials to win business.

The New York Times reported Saturday that the investment bank hired the son of the chairman of the China Everbright Group, a China state-controlled conglomerate, and won business from the group that included a stock offering by a subsidiary.… Continue Reading

Great Leap Liu convicted of graft

A Beijing court has given China’s former railways minister a two-year suspended death sentence for bribery and abuse of power for his role in a huge corruption scandal.

The official Xinhua news agency said the court also ruled Monday that Liu Zhijun, left, would lose all his personal property and be deprived of political rights for life.… Continue Reading

Rumor of leniency for ‘Great Leap Liu’ sparks outrage

Then-Railway Minister Liu Zhijun hosting Congresswoman Nancy Pelosi in Beijing in 2009 (photo courtesy of Wikipedia)China’s former railways minister has gone on trial for bribery and abuse of power.

Liu Zhijun was fired from his post in 2011 for unspecified “severe violations” of discipline.… Continue Reading

‘Great Leap Liu’ Lawyers Up

An investigation spanning more than two years culminated last week in official corruption charges against former railways minister Liu Zhijun (pictured).
 
During Liu’s eight-year tenure, he presided over the fast-paced development of China’s high-speed railway system.… Continue Reading

China billionaire detained in railway corruption scandal

Xu Yusho, one of the richest people in China, has been arrested on suspicion of paying bribes to win lucrative contracts with the Ministry of Railways.
 
Xu’s company Invengo Information Technology was contracted to provide the ministry with radio frequency ID tags and readers.… Continue Reading