Ten high-level executives under investigation

2014-12-26 07:22

By (chinadaily.com.cn)

Name: Hua Bangsong

Title: chairman of Wison Engineering Service

Hua Bangsong, chairman and controlling shareholder of Wison Engineering Service, is under arrest by Chinese public security authority over alleged bribery activity.

A recent announcement reveals that authorities believe Hua of offering unlawful advantages to Wison's customers and conspiracy to commit a tender-offer fraud.

"Following an investigation into the shareholding of the company, there is no evidence to show that Hua is connected to Zhou Bin or that he holds any shares on behalf of any other person," said Wison, in an announcement clarifying the connection between Hua and Zhou Yongkang's son.