BEIJING, July 17 Zheng Boping, vice-general
manager of Hunan Valin Steel, one of China's biggest
steel producers, is being investigated for accepting bribes,
state prosecutors said on Thursday.
China's Supreme People's Procuratorate said on its website
(www.spp.gov.cn) that Zheng was being held in custody while
investigations were going on. No other details were provided.
Zheng, 57, was appointed as vice-general manager of the firm
in August 2010. Valin could not be reached for comment.
Valin is the second biggest shareholder in Australian iron
ore miner Fortescue Metals Group and has also set up a
joint venture in China with the world's top steelmaker,
ArcelorMittal to produce high-end steel for
China's campaign against deep-rooted official corruption has
intensified since the appointment of President Xi Jinping last
year, with several senior government figures and state company
executives already in detention.
(Reporting by David Stanway; Editing by Robert Birsel)