Head of China Resources denies corruption allegations
BEIJING (AFP) - The head of giant state-owned conglomerate China Resources has denied allegations of malpractice in a takeover deal after claims he has links with several former top Chinese leaders.
Hong Kong's anti-corruption authorities were reportedly given documents this week accusing Mr Song Lin, chairman of China Resources, of corruption in a deal involving a subsidiary listed in the former British colony.
Former journalist Mr Li Jianjun said previous investigations into Mr Song went nowhere because he had the backing of Ms Zhang Beili, the wife of former premier Wen Jiabao, and Mr He Guoqiang, ex-chief of the ruling Communist Party's disciplinary department, Hong Kong's Apple Daily reported on Tuesday.
Mr Song dismissed the allegations as "ridiculous" and threatened legal action over the "smearing".