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30 Oct
00:00

Government confirms investigation on Sinosteel executive

Xin Xile, formerly general manager of Sinosteel Iron and Steel, a steel processing and international trading arm of major state-owned steel trader Sinosteel, has been officially placed under investigation by the country’s corruption watchdog. Sinosteel has been struggling with the current market slowdown and was earlier said to have defaulted on a number of loans, Kallanish notes. The Central Commission for Discipline Inspection, the internal audit arm…
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