AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,599 Increased By 139.8 (0.55%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)

imageBEIJING: Top Chinese economic official Jiang Jiemin has been sacked as head of the body overseeing state-owned companies for "suspected serious disciplinary violations", the official Xinhua news agency reported Tuesday.

The phrase is normally used as code for corruption in China, and the move comes as the country's leaders step up a campaign against graft.

Xinhua cited the powerful Organisation Department of the ruling Communist party.

Jiang was removed from office as head of the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, it said.

The inquiry into Jiang was only announced on Sunday, and reports said it was focusing on China National Petroleum Corp (CNPC), the giant state-owned oil company he headed before being promoted to the SASAC post earlier this year.

"The decision represents the fundamental requirements of the Party to be strict with its members and demonstrates the Party's steadfast determination to fight corruption," Xinhua said later Tuesday, citing a statement it said was posted Monday on the SASAC website.

Xi Jinping -- who took office as party chief last November and as president in March -- has warned corruption could destroy the party and has threatened to expose high-ranking officials, or "tigers", along with low-level "flies".

Jiang was the first member of the Communist Party's current 205-person Central Committee to face investigation, state-run media said.

Another former top CNPC official, Zhou Yongkang -- who went on to become China's security tsar and a member of its highest body, the Politburo Standing Committee -- will also face a corruption inquiry, the Hong Kong-based South China Morning Post newspaper reported last week.

Comments

Comments are closed.