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China strike teams find sleaze . . . everywhere

Four months ago, China's anti-corruption czar Wang Qishan sent ten team across the country on surprise inspections. They uncovered graft nearly everywhere they went.

They found corruption in Chongqing, Inner Mongolia, Jiangxi, Hubei and Guizhou. There were problems at the Ministry of Water Resources, the Import-Export Bank of China, the China Grain Reserves Corporation, Renmin University and the China Publishing Group, according to the South China Morning Post.

In Chongqing, the former turf of convicted party chief Bo Xilai -- who's appealing a life sentence for corruption and abuse of power -- inspectors found ‘corruption risks’ in state-owned enterprises and rampant ‘fly-style’ corruption being committed by lower-ranking officials, the South China Morning Post said.

At the China Grain Reserves Corporation, there were falsified reports about the amount of grain in storage.

In southwest Guizhou province, some officials were found trading their power for money, and others were caught faking their statistics. ‘Many corruption cases also involved mining projects and land transfer deals,’ the South China Morning Post said.

At the Import-Export Bank, some staff were discovered approving loans for their personal benefit.

It looks like President Xi Jinping's anti-corruption campaign still has a long way to go.


Richard L. Cassin is the Publisher and Editor of the FCPA Blog. He can be contacted here.