08/11/2013at 11:08

Cosco exec arrested on corruption charges

China Cosco Holding's CEO has been arrested on charges of corruption. He becomes the fourth senior executive of the group to be arrested on similar charges.

BY JØRGEN RUDBECK

According to several media reports, yet another Chinese shipping executive has been arrested on charges of corruption. This time, the man arrested is a senior executive of parent company China Cosco Holding named Xu Minje.

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