Top Chengdu company caught up in Li Chuncheng corruption case

Zhang Jun, president of Chengdu Construction Engineering Group, is under investigation as a suspect in the corruption scandal of Li Chuncheng, the deposed deputy party secretary of Sichuan province. Reports concerning Zhang from some media including the state-run news agency Xinhua have been deleted, reports the Hong Kong Economic Journal.

As one of the largest state-owned enterprises in the Sichuan provincial capital, Chengdu Construction Engineering Corporation has been listed among the country's top 500 enterprises of China since 2005. Its performance has been considered to be partly a result of support from government officials.

A number of officials have fallen from grace since the country's leadership transition took place at the 18th National Congress last November, where the party expressed renewed determination to punish corruption. The investigation into Li's corruption has expanded and Zhang and the company are suspected to have been involved. Several banks have begun to look into the company's credit status since the news emerged.

Earlier reports about Zhang's investigation on Xinhua and on the economic news website Caixin were found to have disappeared from around Jan. 15.

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