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The steel trade collusive storage embezzlement: Chinese iron objects move

This time, the central enterprises China Railway Materials Co., Ltd. (hereinafter referred to as "China Railway Materials") a subsidiary, including a number of enterprises are spared.Industry a number of sources alleged Involved "includes China Railway Materials Library Po Yang Lu, Baoshan Iron and Steel Logistics V library, Shanghai Xing Yang library, including a number of the storage company, together with a number of steel trading company,warehouse on behalf of issuing false warehouse receipts, knowing does not belong to the latter's steel resources out repeated mortgages on financial institutions and civil pallet company.
 
This round because of repeated pledge of "injury" tray does not just banks, but also on Haituo Ke, Shanghai and Fujian Road Run, Shanghai and Fujian Xing and other iron and steel trading companies, and China Railway Materials Shanghai, Harbin and other state-owned China Railway Materials tray by .
 
"Nature of the problem, warehouse 'embezzlement' cause its regulatory responsibilities collective out of position, and then the civil pledge (tray) collective in the move." August 13, these sources pointed out to reporters, "So far, this storm disputed rights in goods in value of approximately 1 billion, do not rule out the possibility of follow-up to continue to expand. "
 
China Railway Materials is an extra large supply chain to focus on railway materials and steel, minerals Service Enterprise Group, China Railway Materials is one of China's largest iron and steel supply chain integration service provider in the steel sector, carried out, including steel, iron ore , coal and other commodities trade, transportation, storage, processing, distribution, regulatory, information management, including supply chain integration services.
 
Implicated trading company said, after the incident the China Railway Materials Shanghai Co., Ltd. (hereinafter referred to China Railway Materials) to explain the behavior of individual employees - some privately intention to repeat the pledge of the company buying manipulation.
 
August 13, told reporters confirmation, China Railway Materials Shanghai Bao Yang warehouse the person concerned refused to respond to "inconvenient interview.



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