Police are investigating the death of Qingdao Customs deputy commissioner Bian Peiquan, who was embroiled in a metals financing scandal and died of “unnatural” causes, Financial Times reported. In late May, local authorities in the northeastern port of Qingdao began investigating claims that a Chinese company had pledged the same lots of metal to multiple banks in order to secure loans. The metal included copper; aluminium and alumina. It is unclear whether Bian’s death is related to the probe into financing fraud. Qingdao Customs did not answer calls seeking comment. The agency has authority over ports in Qingdao and seven other cities including Yantai, where allegations of collateral fraud have also emerged.
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