Date
11 December 2017
China Resources' Song has dismissed allegations of corruption and other misdeeds. Photo: Bloomberg
China Resources' Song has dismissed allegations of corruption and other misdeeds. Photo: Bloomberg

China Resources chief accused of graft; calls it ‘slander’

A journalist with the Economic Information Daily, which is affiliated with Xinhua News Agency, has accused of China Resources Holdings chairman Song Lin of engaging in corruption and keeping a mistress, Beijing Times reported Wednesday.

Wang Wenzhi wrote in a letter posted on his microblog that Song was misusing his power to arrange work for a mistress, surnamed Yang, at Hong Kong and Shanghai branches of UBS AG, the report said. And, Yang is said to have been helping Song take bribes and undertake money-laundering.

Yang holds over one billion yuan worth of assets, either in her own name or that of her relatives, both at home and abroad, Wang has alleged in his letter. She is said to own several luxury houses in Suzhou, Shanghai, Changzhou and Hong Kong, 

Wang said he has submitted all the evidence and relevant documents to the Communist Party’s Central Commission for Discipline Inspection and that he will assist the commission in investigation into the issue.

In response to the report, Song said in a personal statement that the allegations were pure “slander” and that he will seek legal action.

–Contact HKEJ at [email protected]

KZ/JP/RC

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