A quarter of Chinese SOE executives investigated for corruption work in energy sector
From November 2012 to April, 124 top officials in state-owned enterprises held on suspicion of corruption, 13 per cent working in infrastructure, 12 per cent in telecoms
China’s anti-graft authorities are continuing to investigate state-run energy companies, as mainland media reported that senior energy-sector officials account for a quarter of all fallen state-owned enterprise (SOE) executives.
China News Service reported that executives working in the mainland’s infrastructure sector were the second largest group to be probed by the top corruption watchdog, the Central Commission for Discipline Inspection (CCDI).
Since the 18th Party Congress in November 2012 until early this month, the CCDI has detained 124 top-level officials, or “tigers”, working for SOEs.
Out of this total, 25 per cent work in energy, with 13 per cent in infrastructure, 12 per cent in telecoms, 9 per cent in finance, 8 per cent in transportation, 7 per cent in metallurgy, 5 per cent in media, 5 per cent in the automotive industry, and 16 per cent in other sectors.
Within the energy sector, large numbers of senior executives in coal, petroleum, natural gas, and electricity have faced corruption allegations.