Sinopec Group president under investigation for alleged corruption

Sinopec Group president under investigation for alleged corruption

BEIJING - A top executive of state energy firm China Sinopec Group is under investigation for suspected "serious disciplinary violations", the country's anti-graft watchdog said on Monday.

The China Central Commission for Discipline Inspection (CCDI) named Wang Tianpu, an oil industry veteran and president of Sinopec Group, in a one-line statement on its website, http://www.ccdi.gov.cn. Sinopec Group is the parent of Sinopec Corp, Asia's largest oil refiner.

Sinopec spokesman Lu Dapeng said its top management held an emergency meeting on Monday after receiving the CCDI notice on Wang, and the company fully supported the government's decision.

China's president, Xi Jinping, has warned that corruption threatens the survival of the ruling Communist Party and his two-year anti-graft campaign has brought down scores of senior officials in the party, the government, the military and state-owned enterprises.

China is stepping up inspections this year at conglomerates owned by the central government as part of its anti-graft efforts.

CCDI said in February it was targeting 26 of China's biggest state firms for inaugural inspections this year. .

Beijing this month committed to stepping up public scrutiny of state firms' financial performance, as well as to improve leadership, to increase transparency and fight corruption.

In recent weeks, FAW Group Chairman Xu Jianyi, Baosteel Vice President Cui Jian, a general manager at China National Petroleum Corp and a top executive at China Southern Power Grid have been put under investigation for corruption.

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