Date
20 September 2017

CNPC exec graft toll ‘exposes internal failures’

Internal requests at China National Petroleum Corp. (CNPC) for written updates on discipline inspections last year reflect serious problems with internal compliance, the Beijing Times reported Monday, citing National School of Administration professor Wang Yukai.

According to the website of the Central Commission for Discipline Inspection, CNPC asked 120 discipline commissioners in the group to report on their work last year and another 28 to report in person at a seminar.

Some media reports claim that at least 45 CNPC executives either are under investigation or have been discharged for their links to corruption cases.

Wang said that corrupt activity by so many senior staff shows that many discipline commissioners neglected their duties.

There were reports on Sunday that Yan Cunzhang, general manager for foreign cooperation at CNPC-owned PetroChina Co. Ltd. (00857.HK, 601857.CN) was detained by the commission, becoming the latest target in the government’s graft crackdown.

– Contact HKEJ at [email protected]

TL/AC/SK

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