Sunday 7 June 2015

China’s Anti-Corruption Agency To Step Up Inspections At State-Run Oil Giant

Checks will be carried out in subsidiaries after round of inspections at the firm started last year
President Wang Tianpu, is being investigated for alleged corruption.

Main anti-corruption body control China inspect six subsidiaries of state energy giant, the latest step in an ongoing offensive in the oil sector in the world's second largest economy.


 
Watchdog ruling Communist Party plans to send teams to inspect five units of main entity listed, Corp and a subsidiary Engineering (Group) Co., he said in a statement.

The agency also launched anti-corruption monitoring inspections, which is Asia's largest refinery, in late 2014, aimed at officials.

Earlier this year, President, Wang Tianpu, was under investigation for serious disciplinary violations, the text generally used to refer to graft said.

President Xi Jinping, has warned that corruption threatens the survival of the Communist Party in power and two-year campaign against corruption has demolished dozens of senior officials in the party, government, military and state enterprises.

The watchdog said in February that it was targeting 26 major state enterprises in China for the opening inspections this year.

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