facebook
twitter
rss
account
search
search
 

Chinese reporter says he was bribed to run stories on state-owned firm

Oct. 26, 2013 at 11:17 AM   |   Comments

BEIJING, Oct. 26 (UPI) -- A Chinese reporter who charged a state-owned company with accounting fraud confessed on television Saturday he had taken bribes to publish the stories.

The confession by a handcuffed Chen Yongzhou came three days after his newspaper, New Express, published a front-page appeal for his release, The Wall Street Journal reported.

Chen said a third party, who was not named, had written the stories that alleged Zoomlion Heavy Industry Science and Technology had falsified its accounts.

Zoomlion is partially owned by the government of Hunan province.

Chen has written a series of stories over the past year accusing the construction equipment maker of inflating profits and other accounting irregularities.

Zoomlion denied any irregular accounting practices after a report by Chen in May caused trading in its stock to be temporarily suspended in Hong Kong.

The New Express said Wednesday it had found only one small mistake in 15 stories Chen had written about Zoomlion.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Russia prepares militarization of Arctic Russia prepares militarization of Arctic
2
Freedom variant LCS takes to water Freedom variant LCS takes to water
3
New Pa. law aimed at Mumia Abu-Jamal allows lawsuits against inmates New Pa. law aimed at Mumia Abu-Jamal allows lawsuits against inmates
4
Christian minister helps two lesbian couples sue Mississipi over same-sex marriage ban Christian minister helps two lesbian couples sue Mississipi over same-sex marriage ban
5
Liberals and conservatives get their news from different sources Liberals and conservatives get their news from different sources
Trending News
Around the Web
x
Feedback