Corruption in China: ex-boss of arms company Norinco placed under investigation

Apr 4, 2021 | INVESTING

The former head of one of China’s largest weapons manufacturers is under investigation for alleged corruption offences, according to the Communist Party’s anti-corruption watchdog.Yin Jiaxu, who was Communist Party chief and chairman of China North Industries Group Corporation (Norinco) until his retirement in 2018, is being investigated for “serious violations of discipline and the law”, the Central Commission for Discipline Inspection (CCDI) said on Sunday, without elaborating on his alleged…

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