Search

Editors

Harry Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Richard L. Cassin Editor at Large

Elizabeth K. Spahn Editor Emeritus 

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


FCPA Blog Daily News

« SNC-Lavalin says 32 employees requested amnesty | Main | What codes of conduct can (and can't) do »
Monday
Sep302013

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.