War against corruption
Corruption remains a
big problem at China's state-owned enterprises (SOEs) with 154 officials
suspected of graft last year, the top state-assets authority said Monday.
The cases were handed over to
prosecutors and more than 900 million yuan ($147 million) of economic losses
incurred were recovered, according to the State-owned Assets Supervision and
Administration Commission (SASAC).
Commission chairman Zhang Yi said that
corruption and other illegal practices such as embezzlement and the squandering
of state assets are typical problems.
"From these cases, we can see that
corruption is still out of control," Zhang said at an anti-corruption
conference targeting central government-administered SOEs in Beijing.
A total of 112 central SOEs are
currently under the supervision of the SASAC.
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