China investigating corruption allegations against state asset regulat

Discussion in 'China' started by Ray, Sep 2, 2013.

  1. Ray

    Ray The Chairman Defence Professionals Moderator

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    China investigating corruption allegations against state asset regulator Jiang Jiemin

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    Jiang Jiemin, 57, is being investigated for “serious discipline violation”, reported the state news agency Xinhua on Sunday.

    In March, Mr Jiang was named the head of the State-owned Assets Supervision and Administration Commission (SASAC), a body which oversees 117 national companies, after a long career at CNPC, where he was one of Mr Zhou’s proteges.

    However, the same rumours that suggested Mr Zhou would become a target for his enemies also included Mr Jiang on the list of officials who would be brought down. While Mr Jiang was made the head of SASAC, he was not named party secretary like his predecessor, and many had labelled him a dead man walking.

    “This was very much anticipated after the government’s recent string of moves,” said an energy industry analyst to Reuters, referring to the probe into Jiang. The analyst declined to be identified because of the sensitivity of the matter.

    On Friday, it was reported that Party leaders had finally decided to move against Mr Zhou, in the same week that the trial of one of his allies, Bo Xilai, was concluded.

    Last year, Mr Jiang became embroiled in a bizarre accident which killed the son of Ling Jihua, the chief of staff of former President Hu Jintao.
    According to the South China Morning Post, Mr Jiang was questioned by party investigators on suspicion of paying off the families of two women who were in the car with Mr Ling’s 23-year-old son, Ling Gu, when his Ferrari crashed into a side wall on Beijing’s fourth ring road.

    The newspaper said several dozen millions of yuan were transferred from CNPC to the families. It said Mr Jiang had tried to help Mr Ling cover up the crash and prevent details from leaking out to the public.

    The announcement of the latest investigation comes in the wake of probes into four other executives from CNPC.

    The Communist party has said all the investigations are part of its anti-corruption campaign, but political scores are also being settled.

    China investigating corruption allegations against state asset regulator Jiang Jiemin - Telegraph

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    Mr Jiang the head of the State-owned Assets Supervision and Administration Commission (SASAC), a body which oversees 117 national companies, is surely a very important person holding an important post.

    Xi seems to be keen on eradicating corruption, but then the CPC is full of intrigues and backstabs. And Jaing is a protege of Zhou Yongkang, who was one of the most powerful and divisive figures in Chinese politics being the then chief of the domestic security apparatus.

    Apparently, the aim is to lead the whole issue to Zhou Yongkang.

    Mr. Jiang is the most senior central official and first full member of the elite Central Committee to be publicly singled out on such charges under President Xi.
     
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