20 SOE bosses held on graft charges

China Daily (Canada) - - FRONT PAGE -

Com­mu­nist Party of China and the gov­ern­ment’s top plan­ning body.

“Some cor­rupt of­fi­cials still get pro­moted, some ex­ec­u­tives give projects to their rel­a­tives and friends, and some are guilty of mis­con­duct in­volv­ing over­seas in­vest­ments,” Li said.

“In ad­di­tion, prob­lems such as us­ing public funds to pay for per­sonal tourism, shop­ping and al­lowances are ram­pant.”

Dong Hong, the head of a team sent to China Telecom­mu­ni­ca­tions Corp, said some ex­ec­u­tives de­vel­oped close con­nec­tions with wealthy and pow­er­ful in­di­vid­u­als and worked with­themto em­bez­zle na­tional as­sets, while some out­sourced con­tracts and took bribes from other com­pa­nies.

He said breaches of Party dis­ci­pline re­main a ma­jor prob­lem, even though mem­bers have been urged to fol­low the prin­ci­ples is­sued in late 2012 when the coun­try launched its sweep­ing anti­graft cam­paign.

Thir­teen teams were sent to the gi­ant cor­po­ra­tions, with each re­view­ing two com­pa­nies, in­clud­ing Chi­naNa­tional Petroleum Corp, China Na­tional Off­shore Oil, China Hua­neng Group, State Grid Corp of China and China Mo­bile Com­mu­ni­ca­tions.

Com­pa­nies in the oil and re­fin­ery sec­tor are among those most af­fected by cor­rup­tion, with five se­nior man­agers held from the coun­try’s three largest oil en­ter­prises.

Liao Yongyuan, for­mer vicechair­man of PetroChina and gen­eral man­ager of its par­ent com­pany, CNPC, was placed un­der in­ves­ti­ga­tion on March 16 on sus­pi­cion of com­mit­ting “se­ri­ous vi­o­la­tions of the law” — a eu­phemism for cor­rup­tion. The CCDI an­nounced that he had been ex­pelled from the Party onMon­day.

The in­spec­tion teams were set up in 2003, with per­son­nel drawn from the CCDI and the Party’s Or­ga­ni­za­tion Depart­ment. They are au­tho­rized to con­sult files and records and re­ceive pe­ti­tions and letters re­port­ing cor­rup­tion from the public. An mech­a­nism was as an in­ter­nal method by the same year.

On Wed­nes­day, the CCDI an­nounced an in­ves­ti­ga­tion into Long Zenglai, for­mer head of China In­vest­ment Se­cu­ri­ties.

Long, who was the com­pany’s Party chief and CEO, was found to have spent 400,000 yuan ($64,400) of public funds on ex­trav­a­gant meals and nearly 35,000 yuan on golf from Jan­uary 2013 to­May this year. in­spec­tion es­tab­lished su­per­vi­sion Party in the

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