Update on Freida Mine
Officials of GRAM [Guangdong Rising Asset Management][ The New Owners of Pan Aust Ltd] Charged Under Official Corruption in CHINA. Over the week end while in Singapore I received new of grave concern regarding the arrest on corruption Charges against the Chairman and a number of leading Directors of Guangdong Asset Management Ltd. It was reported over the week end that on Saturday the 17th of this Month the Guandong Prosecutors office arrested Mr.Xie Liang who is the Party member and Deputy General Manager of GRAM for official corruption. It was also reported that GRAM is one of 13 Companies in Guagnadong under investigation by the Office of Public Prosecutor for stock Market manupulation. In September last year Mr.Zhong Jin Song the Former General Manager of GRAM was cited by the Party for serious disciplinary violation and in January this year , the ex Chairman of GRAM Mr.Li Jin Ming was expelled from the Party due also to serious violation and Disciplinary issues. No