Beijing, China: Yin Jiashu, ex-chief in North Industries Group Co (NORINCO) which is a Chinese state-owned defence corporation was arrested over corruption charges.
Chinese state media reported that the former NORINCO party secretary and chairman, Yin Jiashu was arrested on suspicion of accepting bribes and illegally making profits for relatives and friends.
NORINCO is a Chinese state-owned defence corporation that manufactures a diverse range of civil and military products. It also contributes to China’s Belt and the Road Initiative(BRI) through civil construction works and military defence