A Chinese Communist Party internal investigation of alleged irregularities in ship finance has claimed more prominent shipping names.
Multiple sources have told TradeWinds that ship financier Yang Changkun, the former head of shipping at ICBC Financial Leasing who also goes by CK Yang, and Norwegian shipowner David Wu of Landmark Capital were taken away on or about 8 July by officials of the Beijing branch of the Party’s Central Commission on Discipline Inspection (CCDI).
