AIRLINK 74.49 Increased By ▲ 0.24 (0.32%)
BOP 5.05 No Change ▼ 0.00 (0%)
CNERGY 4.42 No Change ▼ 0.00 (0%)
DFML 37.60 Increased By ▲ 1.76 (4.91%)
DGKC 90.80 Increased By ▲ 2.80 (3.18%)
FCCL 22.65 Increased By ▲ 0.45 (2.03%)
FFBL 32.70 Decreased By ▼ -0.02 (-0.06%)
FFL 9.74 Decreased By ▼ -0.05 (-0.51%)
GGL 10.87 Increased By ▲ 0.07 (0.65%)
HBL 115.97 Increased By ▲ 0.07 (0.06%)
HUBC 136.25 Increased By ▲ 0.41 (0.3%)
HUMNL 10.01 Increased By ▲ 0.17 (1.73%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.75 Increased By ▲ 0.09 (1.93%)
MLCF 40.42 Increased By ▲ 0.54 (1.35%)
OGDC 137.80 Decreased By ▼ -0.10 (-0.07%)
PAEL 26.35 Decreased By ▼ -0.08 (-0.3%)
PIAA 25.37 Decreased By ▼ -0.91 (-3.46%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.10 Increased By ▲ 0.20 (0.16%)
PRL 26.80 Increased By ▲ 0.11 (0.41%)
PTC 14.00 No Change ▼ 0.00 (0%)
SEARL 58.95 Increased By ▲ 0.25 (0.43%)
SNGP 70.05 Decreased By ▼ -0.35 (-0.5%)
SSGC 10.40 Increased By ▲ 0.04 (0.39%)
TELE 8.61 Increased By ▲ 0.05 (0.58%)
TPLP 11.24 Decreased By ▼ -0.14 (-1.23%)
TRG 64.80 Increased By ▲ 0.57 (0.89%)
UNITY 26.56 Increased By ▲ 0.51 (1.96%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 7,850 Increased By 11.5 (0.15%)
BR30 25,552 Increased By 92.8 (0.36%)
KSE100 75,154 Increased By 222.8 (0.3%)
KSE30 24,175 Increased By 29.2 (0.12%)

imageBEIJING: A high-ranking Chinese official who oversees state-owned firms is being probed for "serious disciplinary violations", official media reported Sunday, as the country's new leaders intensify a clampdown on corruption.

The investigation of Jiang Jiemin follows several graft cases against top officials and the dramatic trial of fallen Communist Party heavyweight Bo Xilai for alleged bribery, embezzlement and abuse of power.

In a brief dispatch, the state-run Xinhua news agency said Jiang "is being investigated over suspected serious disciplinary violations", a term used as a euphemism for corruption by officials.

Xinhua said it obtained the information about Jiang, head of the State-owned Assets Supervision and Administration Commission of the State Council, from the Central Commission for Discipline Inspection of the ruling Communist Party.

The commission is the party's anti-corruption watchdog.

Xinhua did not immediately provide other details.

Jiang has a seat on the party's central committee, which has more than 200 members. The State Council is China's cabinet.

President Xi Jinping, who took office in March, has vowed to oust corrupt officials all the way from low-level "flies" to high-ranking "tigers" amid fears graft could threaten the party's hold on power.

News of the investigation into Jiang comes as state media last month reported that the party had expelled one of its highest-ranking officials to come under suspicion for graft.

Former top economic policymaker Liu Tienan "took advantage of his position to seek profits for others" and was "morally degenerate", Xinhua reported, citing the party discipline inspection commission.

Liu, once the deputy director of the influential National Development and Reform Commission, lost his party and government posts.

Expulsion from the party is normally a precursor to criminal prosecution for Chinese officials.

On Friday, a Hong Kong newspaper reported that China will launch a corruption investigation into one of the country's most powerful politicians of the last decade.

The probe of former security tsar Zhou Yongkang was reported by the South China Morning Post, which cited "sources familiar with the leadership's thinking".

Zhou is a recently retired member of the party's Politburo Standing Committee, its top body and would be the highest-ranking official to be investigated for decades.

Sunday's report comes after the high-profile trial of Bo which ended on Monday.

Analysts widely believe that a guilty verdict for Bo -- who once ran the southwestern megacity of Chongqing and was one of the 25 highest-ranking members of the ruling party -- is a foregone conclusion and that he likely faces a long prison sentence.

Comments

Comments are closed.