Posts Tagged: Sinopec
The widening corruption probe in China has ensnared another oil executive, this time the number two man at state-owned Sinopec.
China’s lawmakers have reviewed a draft amendment to the workplace safety law that will increase oversight, impose harsher punishment, and slap a ban on new projects for offenders.… Continue Reading
Allegations of corruption at China Mobile have flared up again, triggering a fresh flurry of investigations.
According to media reports, five China Mobile managers were called in for questioning last week, including a high-level executive from the Tianjin branch of the state-owned telecoms giant.… Continue Reading
Offering or paying bribes to Chinese officials and local employees puts the hosts at enormous risk. A case in point may be Control Components Inc. (CCI). When it pleaded guilty in late July to violating the Foreign Corrupt Practices Act and the Travel Act, it admitted bribing employees from at least six Chinese state-owned companies: Jiangsu Nuclear Power Corp.,