ATHENS: China Shipbuilding Industry Corporation (CSIC) and China Ocean Shipping Company (Cosco) are among the latest state-owned companies to be probed in China’s national anti-corruption scheme.
Li Changyin, president of CSIC, and Ma Zehua, president of Cosco Group, said in March they would coordinate with investigation team and provide full assistance. The Central Commission for Discipline Inspection (CCDI) has not named any company executives as targets for individual inspection, Reuters reports.
The agency has, however, issued warnings to companies on actions such as nepotism, wasteful spending and improper bidding on contracts. The inspections are part of a two-year-long scheme in which CCDI will inspect important state-owned companies and financial institutions. CCDI brought down than 70 senior officials at various firms during 2014.
