China Financial Daily

Laiwu Steel Corporation confirmed that its subsidiaries were involved in Rio Tinto Wang nine cases under investigation
According to Xinhua News Agency, Jinan, August 18 – Laiwu Iron and Steel Group Co., Ltd. confirmed on the 18th, the company-owned Shandong Laiwu Steel International Trade Co., Ltd. is responsible for sea-level Ministry of Section nine people being investigated here today.

Laiwu Iron & Steel Company Limited, according to the Board of Directors announced on the 17th, the recent, there are media reports, Wang, Shandong Laiwu Steel executives Rio Tinto nine suspected cases were taken away for investigation. In response to these reports, the Company from Laiwu Iron and Steel Group Co., Ltd. was informed that the Department here today nine-owned Laiwu Iron and Steel Group Co., Ltd., Shandong Laiwu Steel International Trade Co., Ltd. is responsible for shipping the Department of the section level people. Up to now, there is no Laiwu Iron and Steel Group Co., Ltd. and??ֹɷݛ13.38 -2.83%] Senior managers are the relevant departments to investigate or assist in the investigation.

Prior to this, the prosecution in Shanghai on suspicion of the crime of violation of trade secrets, non-national staff of taking bribes, Rio Tinto of Australia’s Shanghai office, such as Hu KINGSTEK approved the arrest of four people to make decisions. Involved in this case several of China’s domestic steel prices.

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