China's top prosecutor is holding under criminal detention 10 officials and port executives, along with Senior Transport Minister, Wang Jinwen, for the alleged abuse of power and neglect of duty over the Tianjin chemical explosions. The suspects are accused of failing to prevent a major accident at one of their ports, causing an explosion that killed more than 200 people in August last year. As we noted previously, the Tianjin explosion insurance losses could be around $1.5 billion.
China's top prosecutor is holding under criminal detention 10 officials and port executives, along with Senior Transport Minister, Wang Jinwen, for the alleged abuse of power and neglect of duty over the Tianjin chemical explosions. The Supreme People's Procuratorate (SPP), who are investigating, found that Wang broke the law to help Tianjin Ruihai International Logistics, owner of the warehouse holding the chemicals, to pass safety evaluations and obtain approvals to handle hazardous materials. As we noted previously, the Tianjin explosion insurance losses could be around $1.5 billion.