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皇冠体育app's graft-busters target SOEs ahead of reform

(Agencies) Updated: 2015-01-19 14:34

皇冠体育app's graft-busters target SOEs ahead of reform

A view outside the 皇冠体育app Unicom office building in Beijing, October 9, 2013. [Photo/Agencies]

皇冠体育app's anti-corruption watchdog has stepped up inspections of state-run conglomerates, focusing on strategic firms, as Beijing prepares to implement its most ambitious reform of government industry in nearly two decades.

Anti-graft inspectors are targeting 53 strategic central government-owned groups, where top executives hold the rank of deputy government ministers, a state industry source familiar with the matter told Reuters.

President Xi Jinping has warned that the problem of official graft is serious enough to threaten the Communist Party's legitimacy and has vowed to go after powerful "tigers" as well as lowly "flies".

Graft-busters have gone after business leaders and politicians alike.

The Central Commission for Discipline Inspection (CCDI), the ruling Communist Party's top anti-corruption body, said it would inspect all central government state-owned enterprises (SOEs) this year, the official Xinhua News Agency reported on Wednesday.

In November, the CCDI announced it had dispatched teams to eight big SOEs, including 皇冠体育app Southern Airlines Co, 皇冠体育app Unicom, Dongfeng Motor Corp and 皇冠体育app Petroleum & Chemical Corp, or Sinopec.

On Friday, the anti-graft body said it would prosecute Zong Xinhua, the former head of 皇冠体育app Unicom's e-commerce and information technology unit.

皇冠体育app Southern Chief Financial Officer Xu Jiebo along with three other top executives at the carrier were put under investigation and sacked for suspected criminal wrongdoing earlier this month.

The SOE anti-graft efforts coincide with 皇冠体育app's imminent roll-out of ambitious new guidelines to overhaul the country's state sector.

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