Company head admits bribe charges

Defendant made profits through collusion with ex-railways minister

The head of an investment company pleaded guilty on Tuesday to paying millions of yuan in bribes to Liu Zhijun, China's former railways minister.

Ding Yuxin, chairwoman of Boyou Investment Management Corp, confessed in court to giving Liu 49 million yuan ($8 million) from 2008 to 2010 in exchange for lucrative contracts and connections.