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  1. Alibaba vows to fight corruption

    Posted May 05th 2012, 12:00am

    ... Mainland e-commerce giant Alibaba Group has warned there will be no let-up in a crackdown on corruption at online retail unit Taobao. Alibaba, which is also the parent of Hong Kong-listed Alibaba.com, yesterday posted a notice on the Taobao website that called on merchants that used the mainland's leading internet shopping services provider to help in its anti-corruption efforts. ...

  2. World Bank accuses 11 firms of corruption

    Posted Dec 13th 2011, 12:00am

    ... Toh Han Shih hanshih.toh@scmp.com Eleven mainland companies are on a corruption and fraud blacklist compiled by the World Bank. Top of the list is the UK with 49 offenders, followed ... Bank can ban Chinese firms from tendering for its projects if they were found guilty of corrupt practices. 456 Number of firms worldwide sanctioned by World Bank ...

  3. Zhongshan's ex-chief gets 11 years for corruption

    Posted Oct 28th 2011, 12:00am

    ... Sally Wang sally.wang@scmp.com Li Qihong, a former mayor of Zhongshan in Guangdong, was sentenced to 11 years in prison yesterday for insider trading, disclosing insider information and bribery, the Nanfang Daily reported. The Guangzhou Intermediate Peopl ...

  4. Hu warns party against corruption

    Posted Jul 02nd 2011, 12:00am

    ... and social stability and warned of the dangers of corruption. 'Without stability, nothing can be accomplished, and the achievements that we have made will be lost,' Hu told a gathering in Beijing's Great Hall of the People. He said healthy and rapid economic growth was needed for national revival but fighting corruption was 'key to the winning or losing of people's support ...

  5. ICAC takes aim at building managers

    Posted Mar 29th 2005, 12:00am by Staff Reporter

    ... Staff Reporter Graft-busters have pledged to step up scrutiny of building management, fearing corruption in the industry will worsen as buildings age. The Independent Commission Against Corruption says crooked managers are grasping the opportunity to extract bribes from companies called in for maintenance projects on ageing structures. The situation could get worse as the government ...

  6. Multinationals caught in web of corruption

    Posted Oct 08th 2007, 12:00am by Elaine Chan

    ... counterparts by stressing integrity and ethics. But now, the multinational firms have become targets of Beijing's anti-corruption drive alongside domestic companies as increasing commercial ... of the year, up 20 per cent year on year. 'Cases of corrupt practices in multinational companies should not come as a surprise,' consulting firm Apco's mainland managing director Patrick ...

  7. Optimism on corruption rises

    Posted Mar 28th 2004, 12:00am by Ella Lee, Stella Lee

    ... Stella Lee People in Hong Kong are increasingly optimistic that corruption is under control in the city, according to the ICAC's 2003 survey. The number of respondents who think graft is still a problem in the government and private sector has hit a three-year low. Of 1,500 respondents polled in the Independent Commission Against Corruption's annual public perception survey ...

  8. Corruption reports rise in private sector

    Posted Jun 29th 2007, 12:00am by Danny Mok

    ... Danny Mok Claims of abuse in the private sector made up 61 per cent of all corruption reports last year- the highest proportion since the Independent Commission Against Corruption's inception 33 years ago. ICAC assistant director of operations Ricky Chu Man-kin said 66 per cent of the accused in private-sector cases were professionals or senior company executives. ...

  9. Economic crackdown 'breeding corruption'

    Posted Sep 10th 2004, 12:00am by Staff Reporter

    ... is breeding corruption. Wu Jinglian, of the Development Research Centre under the State Council, said with the government having to approve all new projects, state firms with the best connections had ... a meeting of venture capitalists in Beijing. 'One outcome is corruption.' Worried about overheating, the central government has tightened the screws on the economy, ordering banks to slow ...

  10. Civil service corruption down 6pc last year: ICAC

    Posted Jan 18th 2004, 12:00am by Raymond Ma

    ... Raymond Ma The ICAC yesterday said corruption among government officials remained well under control, in spite of cuts to civil service salaries and soaring general crime rates. Commissioner Raymond Wong Hung-chiu made the comments as the graft-busting organisation announced it received 1,541 reports of government and civil service corruption last year, down about 6 per cent ...




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