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Asia Pacific Law Dry Bulk

Cosco Shipping bosses hand back public money used to play golf

China’s state shipping conglomerate has been asked by Beijing’s anti-corruption agency to speed up the disposal of its remaining golf membership cards purchased by some company officials for personal entertainment using public money. A total of about $1.8m of cash has been recovered from the disposal of 47 cards so far

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After the outrage at the misuse of public money, plans have been drawn up by the company to ‘clean off’ the cards within a time limit, according to the Chinese authorities

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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