The Economic Observer adds a second corruption inquiry that is possibly tied to under-investigation Railways Minister, Liu Zhijun. This involves Luo Jinbao, former chairman of China Railway Container Transport Corp., which is a subsidiary of the Ministry of Railways, and also of Shanghai-listed China Railway Tielong Container Logistics Co., from which he stepped down as chairman in October last year after only six months in the job and without explanation. The latter is the first publicly listed company to be connected to the investigations.
The publication says it was this case, on which it reported briefly in January, that first cracked open the possibility of high-level corruption around the development of the country’s high-speed rail network. It also adds that it was through Luo that Ding Shumiao, whose business dealings are also under investigation as we noted earlier, first met then Deputy Railways Minister Liu in 2000.