The central government has found more corruption activities within state-run shipping giant China Cosco Shipping in its latest anti-corruption inspections.
The discipline inspection team sent by the central government has found numerous officials of the group paying golf club memberships with company funds.
The company has confiscated 47 golf club membership cards and recovered RMB12.56m ($1.8m). Several officials involved in the case have received different punishments including demotion and serious warnings.
China Cosco Shipping has been under the spotlight in a series of corruption crackdown operations over the last few years. In 2018, China’s National Audit Office discovered a total of 36 irregularities and illegal practices at the group.