Chinese corruption watchdog investigates CNPC's Liao Yongyuan

The general manager of China National Petroleum Corporation, Liao Yongyuan, is under investigation for suspected graft, the Communist Party's anti-graft agency said on Monday.
Liao, 52, was being investigated for "suspected serious violations of law and party discipline" - a stock phrase for corruption - the Central Commission for Discipline Inspection said on its website last night.
Liao is the second top executive at a state-owned enterprise in two days to be named in an investigation, as the CCDI steps up its fight against graft in SOEs.
On Sunday, the CCDI announced that Xu Jianyi, chairman of carmaker FAW Group, had been detained for suspected corruption.
Since the watchdog started looking into CNPC in 2013, at least 46 people have come under investigation, Caixin reported.
Several senior executives at CNPC and its subsidiaries were detained on suspicion of corruption in 2013, including Jiang Jiemin , the former chairman of CNPC.