Beijing: For many top executives in shipping-related companies heading on their Lunar New Year holidays today, there will be an air of unease.
The Central Commission for Discipline Inspection (CCDI) will investigate 26 state run firms straight after the holidays including the nation’s top shipping lines, shipbuilders and key shippers as part of president Xi Jinping’s continued anti-graft drive.
Those on the list include PetroChina, China National Offshore Oil Corp, Sinochem, Cosco, Baosteel, Wisco and China Shipbuilding Industry Corp.
“We need to sharpen the ‘Sword of Damocles’ hanging above those in power and use inspections to keep them in awe,” a statement quoted watchdog head Wang Qishan as saying.
Many senior executives in shipping-related firms have already been rounded up in the protracted corruption crackdown initiated by China’s president.