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Flies and Tigers | 抓蝇打虎

Oil company boss put under investigation
中石油总经理廖永远涉嫌违纪违法被调查

By Ji Xiang | March 17, 2015, Tuesday | Print Edition

THE general manager of China National Petroleum Corp, Liao Yongyuan, is under investigation on suspicion of severe disciplinary violations, the Party’s Central Commission for Discipline Inspection said on its website yesterday.

The country’s top anti-corruption watchdog did not give any further information in its brief statement.

News of the investigation comes after the watchdog said last month that it would target 26 giant state-owned firms for inspections this year, including CNPC, China National Offshore Oil Corp and China National Nuclear Corp.

Liao, 52, was known for his work in the natural gas sector before he was assigned to his current post in May 2013. His last public appearance was on March 9 when he received a business visit from a Singaporean energy company.

Liao took responsibility for a series of accidents in 2011 in Dalian, in northeast China’s Liaoning Province, that had resulted in major fires and a massive oil leak into the sea.

State-owned CNPC, the parent company of PetroChina, is China’s largest oil producer. In recent years, several senior executives have been put under investigation as the central government demonstrates an increasingly tough stand on corruption and Party discipline violations, Reuters reported.

Among them were former chairman Jiang Jiemin and the company’s vice president, Wang Yongchun.

On Sunday, the watchdog said it had also put Xu Jianyi, chairman of one of the country’s top state-owned automakers, China FAW Group Corp, under investigation for “violating Party discipline.”

FAW is China’s third biggest auto manufacturer, engaged in numerous joint ventures with some of the most prominent industry names, including Volkswagen and Toyota.

According to reports on the watchdog’s website, inspections at FAW from July 29 to August 29 last year unearthed breaches of Party regulations “happening from time to time” and “corruption problems” in sales and resource distribution, Xinhua news agency said.

Even before the axe fell on Xu, FAW was vexed by executives’ behavior, Xinhua reported. In 2014, An Dewu, deputy general manager, Li Wu, deputy general manager of FAW-Volkswagen and Zhou Chun, deputy general manager of Audi sales, were investigated.

President Xi Jinping has declared war on corruption at all levels. Scores of senior officials have been brought down by the campaign.

Premier Li Keqiang told the annual legislative session last week that “it goes without saying that power should not be held without good reason.”

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