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China Food Co.'s Ex-Chairman Targeted In Bribery Probe

By Erin Coe (July 29, 2014, 11:47 PM EDT) -- A former chairman of the Chinese company that acquired a majority stake in England-based cereal maker Weetabix Ltd. is under investigation by Shanghai prosecutors for allegedly taking bribes during his earlier stints as an executive for Shanghai Friendship Group Inc. and Lianhua Supermarket Holdings Co. Ltd., according to the Shanghai Municipal Government website on Tuesday....

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