CSIC Scrutinized by Anti-Corruption Team
China’s central government’s anti-corruption team has launched an investigation into the operation of China Shipbuilding Industry Corporation (CSIC).
The probe, set to last for the next couple of months, forms part of a state-backed anti-corruption campaign that has swept through major companies in China, including China State Shipbuilding Corporation (CSSC) and China Shipping Group.
Li Changyin, president of CSIC, and Ma Zehua, president of Cosco Group voiced their willingness to coordinate with investigation team and provide full assistance.
At the beginning of February, the investigation team found that the state-run shipbuilding giant CSSC had been involved in corruption activities.
The corruption activities have been uncovered in the procurement department of CSSC, involving the shipbuilding company’s senior officials.
Most of the illegal activities related to bribery and illegal means of obtaining favors, as informed by the team’s leader Liu Zu in a working brief.
World Maritime News Staff
