Shanghai: The central government’s anti-corruption sweep on state-run companies continues. Following investigations into China State Shipbuilding Corporation (CSSC), China Shipping Group and energy giant PetroChina, the investigation team has now started to probe into China Shipbuilding Industry Corporation (CSIC) and Cosco Group, and will continue over the next two months.
Tong Yancheng, the leader of the investigation team, said the fight against corruption has a long way to go and the central government has committed to strike hard on any corruption activities.
Li Changyin, president of CSIC and Ma Zehua, president of Cosco Group, have all pledged to coordinate with investigation team and provide full assistance.
Two weeks ago, the investigation team found a number of corrupt activities in CSSC and China Shipping Group.