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China Chengtong Holdings Group

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2005

    Former Vice President Arrested for Corruption Involving SOE Bankruptcy Quotas

    A 2005 report said that a former vice president of China Chengtong used the 1.3 billion yuan in policy-based bankruptcy quotas for state-owned enterprises under his control to seek personal gain during his tenure and was arrested on suspicion of corruption.

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