Connect with us


Former head of China’s best defense firm Norinco under corruption scanner- New Indian Express




from PTI

Beijing: China’s top anti-graft supervisor said Sunday that the former chief of one of the largest arms manufacturers is under investigation for alleged grafting, in one of the biggest corruption scandals in the defense defense manufacturing industry country.

Yin Jiaxu, former party secretary and chairman of the state defense corporation China North Industries Group Corp. (Norinco), the country’s leading arms manufacturer, is undergoing disciplinary review for suspected serious breaches of discipline and law, the Central Disciplinary Commission Inspection (CCDI) said on Sunday.

During Yin’s term as head of the group from 2013 to 2018, a central inspection team said in October 2015 that the group was found for the weakened leadership of the ruling Communist Party in China, the state-led Global Times (CPC) reported. .

The central inspection team said several senior officials in the group abused their powers for personal gain, providing unwarranted convenience for spouses, children and their relatives to run businesses or enterprises, the report said.

Yin, 65, is the latest high-level defense industry official to take part in Chinese President Xi Jinping’s sweeping anti-corruption campaign, which officials say has seen more than 1.3 million officials investigated since 2012. Norinco supplies weapons and equipment to all branches of the Chinese military and police armed force.

According to a December report by the Stockholm International Research Institute Institute, it is the ninth largest arms company in the world and the third largest in China, after China Aviation Industry Corporation and China Electronics Technology Group Corporation, South China Hong Kong-based Morning Post reported.

Yin, who was the former mayor of Norinco until his retirement in 2018 and the head of its Communist Party unit, is being investigated for serious breaches of discipline and law, CCDI said.

Xi, who is also the head of the powerful Central Military Commission (CMC) which is the general high command, has focused his anti-grafting campaign on over one million People’s Liberation Army (PLA) armies, the largest army in the world.

The campaign targeted over 60 senior generals including senior military officials for corruption and abuse of power.

Observers say his campaign also helped Xi consolidate his power to emerge as the most powerful leader behind ruling Communist Party of China (CPC) founder Mao Zedong with the prospect of continuing power for a lifetime.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]