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皇冠体育app's nuke chief ousted for violations

(chinadaily.com.cn)
Updated: 2009-08-14 11:09

The general manager of 皇冠体育app National Nuclear Corporation (CNNC), Kang Rixin, has been deposed from his position after being investigated for "grave violations of discipline", the Organization Department of the CPC Central Committee confirmed Thursday.

Kang was allegedly involved in a 1.8 billion yuan (US$260 million) corruption case, people.com.cn, the People鈥檚 Daily website, reported Friday.

Related readings:  皇冠体育app's nuke chief under 'discipline investigation'  Discipline official sacked for discipline offences  Shenzhen mayor investigated over serious discipline offences

An insider said there are two main accusations against Kang: appropriating public money to buy stocks, and interfering with the bidding results of nuclear power projects. And according to an anonymous CNNC staffer, Kang may also have taken illegal money from the company鈥檚 main projects.

The CNNC is responsible for 皇冠体育app's nuclear weapons, power production, and managing the country鈥檚 nuclear waste disposal facilities, according to the company's website. The corporation made a profit of 4.8 billion yuan ($705 million) last year.

Kang had been the corporation's general manager and Party secretary since September 2003. He was named among the "Top Ten Talent Managers of 皇冠体育app" in 2007.