Deng Qilin, former president of major Chinese steelmaker Wuhan Iron and Steel (Group) Corp., has been expelled from the Communist Party of China (CPC) for multiple offenses including graft, hindering investigations and "practicing superstitious activities."
"Deng severely violated political discipline and rules," the CPC Central Commission for Discipline Inspection (CCDI) said in a statement on Friday.
He disrupted and obstructed disciplinary inspections and investigations and had long been "practicing superstitious activities," the statement said, without elaborating.
Deng accepted bribes and took advantage of his post to seek profits for others in the promotion of officials and business operations, the statement said.
Deng seriously violated the Party's code by occupying an excessive number of apartments and obtaining illegal bonuses.
He also traded his power for sex, according to the CCDI.
Deng's illegal gains will be confiscated and his case will be handed over to prosecutors, it said.
The CCDI announced it was investigating the 64-year-old in August.