| Chinese President's Son Implicated in Corruption Probe |
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| by Tom McGregor | Fri, Jul 17, 2009, 01:12 PM |
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The Daily Telegraph of London reports that, "three people have been arrested in the country on charges of fraud, corruption and bribery involving a government contract with the state-owned Chinese company Nuctech, a world leader in scanning technology." Hu Haifeng, 38, had been the president of the firm until last year, when he was promoted to the position of party secretary of Tsinghua Holdings, the group that controls Nuctech and 30 other companies. The investigation focuses on a multi-million deal Namibia signed with Nuctech to provide it with scanners for airports and ports. Under the so-called deal, the Namibian government was to make a substantial down payment, with the balance coming from a loan Beijing has provided Namibia, on condition that it is spent with Chinese companies. Yet according to Namibia's Anti-Corruption Commission, within weeks of the ministry of finance making its payment to Nuctech, the company signed contracts for an identical sum with a Namibian consultancy called Teko Trading. As reported by the Telegraph, "the money was allegedly then disbursed to Teko's co-owners, Teckla Lameck and Kongo Mokaxwa and Yang Fan, a Chinese national described in court as Nuctech's African representative." While the investigation continues, all three are being held in custody. Paulus Noah, the director of Anti-Corruption Commission, claimed the matching sums going to and from Nuctech seemed highly suspicious. The Telegraph quotes Mr. Noah as saying, "it's very strange. We are suspecting that corruption might have been involved." He announced that he would like to question Nuctech's management, including Mr. Hu." To read the entire article from the Daily Telegraph of London, link here: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it 
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The eldest son of President Hu Jintao of China is to be interrogated in connection with a multi-million dollar corruption investigation in Namibia.
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