Xu Minjie, former general manager of COSCO Group, has been expelled from the Communist Party of China (CPC) due to serious disciplinary violations, according to an announcement from the party’s disciplinary watchdog.
Investigations have revealed that Xu had reimbursed individual expenses in violation of regulations by taking advantage of his post, the CPC’s Commission for Discipline Inspection said.
The case has been transferred to judicial agencies, it said.
Xu is an industry veteran and a rising star in China’s shipping industry. Before being promoted to senior management in COSCO Group, he had been vice chairman of COSCO Pacific Ltd. (01199.HK), the container terminal unit of China COSCO.
– Contact US at [email protected]