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Liu Chong, Former Chairman of COSCO Shipping Development, Dismissed from the Party and Public Office

According to CPC Central Committee for Discipline Inspection of the State People’s Republic of China Supervisory Committee website showed on May 17, sources from Discipline Inspection Group of China COSCO Shipping and Supervision Group, Jinzhou’s Municipal Commission for Discipline Inspection and Supervision in Liaoning Province:A few days ago, Discipline Inspection Group of China COSCO Shipping and Supervision Group and Jinzhou’s Municipal Commission for Discipline Inspection and Supervision conducted a disciplinary review and supervisory investigation of Liu Chong, former party secretary and chairman of the board of directors of COSCO Shipping Development under China COSCO Shipping, for serious disciplinary violations.

Upon investigation, during his tenure, Liu Chong abandoned the bottom line of integrity, turned public power into a tool for personal gain, colluded with others and falsified evidence to confront the organizational review; violated regulations by accepting gifts and gratuities from others in large quantities over a long period of time, accepting banquets that might affect the impartial performance of his official duties, and transferring expenses that should be borne by him personally to be paid by others;coveted the company’s property; illegally engaged in profit-making activities during his tenure; Had important leadership responsibility for the relevant enterprises being defrauded; took advantage of the convenience of his position to get benefits for others in the procurement of materials and other aspects, and illegally accepted huge amounts of property.

Liu Chong seriously violated a number of disciplines and spirits, constituting a serious duty violation and suspected of bribery crimes, of a serious nature and with a bad influence, and should be seriously punished.

In accordance with a number of Chinese regulations, Liu Chong was dismissed from the Party and from public office; confiscate the gains made in violation of discipline and law; and Jinzhou’s Municipal Commission for Discipline Inspection and Supervision will be suspected of criminal issues transferred to the procuratorial organs for examination and prosecution in accordance with the law, the property involved in the transfer.

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