China Shipping Group, one of China’s state run shipping conglomerates, has started internal investigations on business irregularities in an effort to further tackle corruption inside the group.
The group is now working to establish a list of companies, which were operated by relatives of managers, retired managers and former employees, and cut business relations with them.
It is also making a new operating rule to further regulate and restrict the power of the management of the company.
Under the anti-corruption sweep by the central government, several officials from China Shipping Group including Mao Shijia, former general manager of China Shipping Development and Liu Houping, former vice general manager of China Shipping Tankers, were arrested for corruption activities.
