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Corporate Social Responsibility & Sustainability in China

Corporate Social Responsibility in China

Investigation Targets Land Sales On The Moon

October 31, 2005
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News

The Beijing Municipal Administration of Industry and Commerce has stepped into the probe of a local company, registered early last month, claiming to sell land on moon.

Xinhua reports the administration is working together with its Chaoyang District Branch, other concerned departments and legal experts to study and collect evidence on whether the company's businesses are legitimate.

The administration found that the company, the Beijing Lunar Village Aeronautics Science and Technology Co., Ltd. with domestic financing, was registered on Sept. 5 to do businesses covering space travel, development of the moon and sales of land of moon.

Previously, the Chaoyang District Branch of the Beijing Municipal Administration of Industry and Commerce claimed that sale of land on the moon was not listed as the company's business when it was registered, according to early reports by the paper.

The Xiaoguan sub-branch of the Chaoyang District branch has launched an investigation into the legitimacy of the company's practice. The Xiaoguan sub-branch found that the company, the so-called Lunar Embassy in China, claimed to be the sole agent in China for US-based Lunar Embassy, but it could not provide any materials which are put on record in the United States and only an authorization certificate by the US company.

Staff with the municipal administration said that it is a kind of "special practice" to sell land on the moon and legal experts have different views.

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